How to solve IPMAT 2024 - Quantitative Aptitude Question 7?

This question can be solved by applying the core concept explained in the solution above, followed by step-by-step calculation and elimination of options.

Which concept is tested in this question?

This question tests fundamental concepts commonly asked in IIM IPMAT exams.

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IPMAT 2024 - Quantitative Aptitude Question 7

This is a detailed step-by-step solution for IPMAT 2024 - Quantitative Aptitude Question 7. Understand the concept, common mistakes, and expert tips to solve similar questions in IIM IPMAT exam.

IPMAT 2024 - Quantitative Aptitude

Let the original price of chocolates be P.
Final price = Original Price x MF₁ x MF₂Here, MF is multiplying factor and it is equals to (1 + % change) in case of increase & equals (1 − % change) in case of decrease.
∴ Final price = Original price x (1 + x%) x (1 − x%)
96.76%P = P [1−(x%)²]
96.76% P = P – P (x%)²96.76% P = 100% P – (x%)²P
96.76 = 100 – x²%
x²% = 3.24
x² = 324
x = 18

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