The price of an electric bike was Rs. 1,25,000 last year. This year, its price got decreased by 30%. What is the price (in Rs.) of the electric bike this year?

Correct option is B

Given:
Let the price of electric bike in present year be Rs. x
Price of the electric bike last year = Rs. 1,25,000
Decrement = 30%.
Solution:
if 100 is total percentage than remaining value in percentage 100 – 30 = 70%
​$$1,25,000×\frac{70}{100}=x$$​​
x=₹87,500