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After a decrease of 24%, the price of an article is ₹988. The actual cost of the article is:
₹1,200
₹1,250
₹1,300
₹1,350
₹1,300
Finding Original Cost after 24% Price Reduction
Discount/Decrease percentage = 24%; Reduced Price = ₹988
Understanding Effective Percentage
When an article's price decreases by 24%, the remaining price is: 100%−24%=76% of the original cost
Reducedpricecorrespondsto76%of actual cost
Calculating the Original Price
76%×Actual Cost=988Actual Cost=76988×100=13×100=₹1,300
Actual Cost=₹1,300
C is correct — ₹1,300