Question

After a 20% hike, the cost of Chinese Vase is Rs 2000. What was the original price of the object?

Answer 1

Let the original price of the object be x.
According to the question, we have: 
20 % of x + x = 2000
\[ \Rightarrow \frac{20x}{100} + x = 2000\]
\[ \Rightarrow \frac{120}{100}x = 2000\]
\[ \Rightarrow x = \frac{200000}{120}\]
\[ \Rightarrow x = 1666 . 67\]
Thus, the original price of the object was Rs 1, 666 . 67 .