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The owner of an art shop conducts his bu...

The owner of an art shop conducts his business in the following manner : every once in a while he rises his prices by `X%` , then a while later he reduces all the new prices by `X%`. After one such up down cycle, the price of a painting decreased by `Rs.441`. After second updown cycle, the paintaing was sold for `Rs. 1944.81`. What was the original price of the painting ?

A

A)Rs. `2756.25`

B

B)Rs. `2256.25`

C

C)Rs. `2500`

D

D)Rs. `2000`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will denote the original price of the painting as \( P \) and the percentage increase/decrease as \( X\% \). ### Step 1: Calculate the price after the first increase and decrease cycle 1. **Increase by \( X\% \)**: \[ \text{New Price after increase} = P + \frac{X}{100} \cdot P = P \left(1 + \frac{X}{100}\right) = P \cdot \frac{100 + X}{100} \] 2. **Decrease by \( X\% \)**: \[ \text{New Price after decrease} = \text{Price after increase} - \frac{X}{100} \cdot \text{Price after increase} \] \[ = P \cdot \frac{100 + X}{100} - \frac{X}{100} \cdot \left(P \cdot \frac{100 + X}{100}\right) \] \[ = P \cdot \frac{100 + X}{100} \left(1 - \frac{X}{100}\right) = P \cdot \frac{100 + X}{100} \cdot \frac{100 - X}{100} \] \[ = P \cdot \frac{(100 + X)(100 - X)}{10000} = P \cdot \frac{10000 - X^2}{10000} \] 3. **Price decrease after first cycle**: The price decreased by Rs. 441, so: \[ P - P \cdot \frac{10000 - X^2}{10000} = 441 \] \[ P \left(1 - \frac{10000 - X^2}{10000}\right) = 441 \] \[ P \cdot \frac{X^2}{10000} = 441 \] \[ P = \frac{441 \cdot 10000}{X^2} \] ### Step 2: Calculate the price after the second increase and decrease cycle 1. **Price after first cycle**: \[ \text{Price after first cycle} = P \cdot \frac{10000 - X^2}{10000} \] 2. **Increase by \( X\% \)**: \[ \text{New Price after increase} = \left(P \cdot \frac{10000 - X^2}{10000}\right) \cdot \frac{100 + X}{100} \] 3. **Decrease by \( X\% \)**: \[ \text{New Price after decrease} = \left(P \cdot \frac{10000 - X^2}{10000}\right) \cdot \frac{100 + X}{100} \cdot \frac{100 - X}{100} \] \[ = P \cdot \frac{(10000 - X^2)(100 + X)(100 - X)}{10000^2} \] \[ = P \cdot \frac{(10000 - X^2)(10000 - X^2)}{10000^2} = P \cdot \frac{(10000 - X^2)^2}{10000^2} \] 4. **Final price after second cycle**: This price is given as Rs. 1944.81: \[ P \cdot \frac{(10000 - X^2)^2}{10000^2} = 1944.81 \] ### Step 3: Set up the equations Now we have two equations: 1. \( P = \frac{441 \cdot 10000}{X^2} \) 2. \( P \cdot \frac{(10000 - X^2)^2}{10000^2} = 1944.81 \) ### Step 4: Substitute \( P \) from the first equation into the second equation Substituting \( P \) from the first equation into the second: \[ \frac{441 \cdot 10000}{X^2} \cdot \frac{(10000 - X^2)^2}{10000^2} = 1944.81 \] \[ 441 \cdot \frac{(10000 - X^2)^2}{10000 \cdot X^2} = 1944.81 \] ### Step 5: Solve for \( X \) Rearranging gives: \[ (10000 - X^2)^2 = \frac{1944.81 \cdot 10000 \cdot X^2}{441} \] This will lead to a quadratic equation in terms of \( X^2 \). ### Step 6: Solve for \( P \) Once \( X \) is found, substitute back to find \( P \).
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