The original price of a music set is ₹8,000. The price is decreased by 12% and then raised by 25%. What is its new price (in ₹)?

Correct option is C

Given:

Original price = ₹8000; first decrease = 12%; then increase = 25%.

Formula Used:
Successive change: New Price =$$P \times (1-\frac{a}{100}) \times (1+\frac{b}{100})$$​​

Solution:
After 12% decrease: 800$$0 \times 0.88 = ₹7040$$​​
After 25% increase: 70$$40 \times 1.25 = ₹8800$$​​