After a 20% hike, the cost of a dining cloth is ₹1,740. What was the original price of the cloth?

Correct option is B

Given:

Increased price after 20% hike = ₹1,740

Formula Used:

Increased price = Original price × $$\left(1 +\frac{\text{ Percentage increase}}{100}\right)$$​​

Solution:

From the formula;

1740 = Original price × $$\left(1 +\frac{20}{100}\right)$$​​

Original Price = $$\frac{1740}{1 + \frac{20}{100}}$$​​

​$$= \frac{1740}{1.2}$$ = ₹ 1450​