Select the correct answer. Which statement describes the effect of inflation on purchasing power? A. As the rate of inflation re
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Answer:
She purchased the item at a price of Rs 1,406.
Step-by-step explanation:
5% of discount:
This means that she paid 100% - 5% = 95% = 0.95 of the original price of x, that is, 0.95x, and 0.05x was the discount.
Original price:
She got the discount amount of Rs 74.
74 is 5% of the original price, that is:
What price she purchased:
74 subtracted from the original price, that is, x - 74. So 1480 - 74 = 1406.
She purchased the item at a price of Rs 1,406.