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The price of an article was in creased b...

The price of an article was in creased by r%. Later the new price was decreased by r%.. If the latest price was 1, then the original price was:

A

1

B

`(1-r)^(2)/(100)`

C

`sqrt(1-r^(2))/(100)`

D

`(10000)/(1000-r^(2))`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will denote the original price of the article as \( P \). ### Step 1: Increase the Price The price of the article is increased by \( r\% \). Therefore, the new price after the increase can be calculated as: \[ \text{New Price} = P + \left( \frac{r}{100} \times P \right) = P \left( 1 + \frac{r}{100} \right) \] ### Step 2: Decrease the Price Next, the new price is decreased by \( r\% \). The price after the decrease can be calculated as: \[ \text{Latest Price} = \text{New Price} - \left( \frac{r}{100} \times \text{New Price} \right) = \text{New Price} \left( 1 - \frac{r}{100} \right) \] Substituting the expression for the new price from Step 1: \[ \text{Latest Price} = P \left( 1 + \frac{r}{100} \right) \left( 1 - \frac{r}{100} \right) \] ### Step 3: Simplify the Expression Using the identity \( (a + b)(a - b) = a^2 - b^2 \), we can simplify: \[ \text{Latest Price} = P \left( 1 - \left( \frac{r}{100} \right)^2 \right) \] This means: \[ \text{Latest Price} = P \left( 1 - \frac{r^2}{10000} \right) \] ### Step 4: Set the Latest Price to 1 According to the problem, the latest price is given as 1: \[ P \left( 1 - \frac{r^2}{10000} \right) = 1 \] ### Step 5: Solve for the Original Price \( P \) Now, we can rearrange the equation to find \( P \): \[ P = \frac{1}{1 - \frac{r^2}{10000}} \] ### Step 6: Final Expression for Original Price Thus, the original price \( P \) can be expressed as: \[ P = \frac{10000}{10000 - r^2} \] ### Summary The original price of the article, given that the latest price is 1 after an increase and a subsequent decrease of \( r\% \), is: \[ P = \frac{10000}{10000 - r^2} \]
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