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A television manufacturing company declares that a television is now available for as against one year before. Find the percentage reduction in the price of television offered by the company.

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answer is D.

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Detailed Solution

Concept: As there is a difference in price from a last year and we have to find percentage of total change. Divide the change (Subtract the current price from the last year’s price) with the total amount and multiply by

.
Given that,
Last year, the price of television was

and now the price of television is

.
Initial price of the television,

Change in television’s price,

Therefore, percentage of price difference

There is

reduction in the price of television offered by the company.
Hence, the correct answer is option (4).

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