A car model was initially launched by a company for ₹23,87,540. Later, the company decided to round off the price of the car to the nearest thousand. What is the new rounded-off price of the car?

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₹23,70,000

₹23,88,000

₹23,87,000

₹23,80,000

answer is B.

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Detailed Solution

The price of the car is ₹23,87,540.

To round off a number to the nearest thousand, we need to check its hundreds place digit.

If the hundreds digit is less than 5 then the hundreds, tens, and units digits become zero and the thousands digit remain the same.
If the hundreds digit is more than 5 then the hundreds, tens, and units digits become zero and the thousands digit increase by 1.

In ₹23,87,540, the hundreds place digit is 5 which is equal to 5,

So, 23,87,540 will be rounded off upwards to 2388000.

Therefore, the rounded-off price of the car is 2388000.

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