A horse costing Rs 80,000 one year ago now costs 25% less. Find the changed price.

Answer

To find the changed price of the horse that originally cost Rs 80,000 and is now 25% less, we can follow these steps:

### Step 1: Calculate 25% of the original price
The original price of the horse is Rs 80,000. To find 25% of this amount, we use the formula:

\[ \text{25% of } 80,000 = \frac{25}{100} \times 80,000 \]

### Step 2: Simplify the calculation
Calculating 25%:

\[ \frac{25}{100} \times 80,000 = 0.25 \times 80,000 = 20,000 \]

### Step 3: Subtract the 25% from the original price
Now, we subtract the amount calculated in Step 2 from the original price to find the changed price:

\[ \text{Changed Price} = \text{Original Price} - \text{25% of Original Price} \]

Substituting the values:

\[ \text{Changed Price} = 80,000 - 20,000 \]

### Step 4: Calculate the final changed price
Now, we perform the subtraction:

\[ \text{Changed Price} = 60,000 \]

Thus, the changed price of the horse is Rs 60,000.

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