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The monthly rent of a shop was raised by 15%, and six months later by a further 10%, reaching ₹30,360. What was the rent before the first rise?

Competition practicePercentage
  • A₹24,000
  • B₹24,288
  • C₹26,400
  • D₹27,600

Step-by-Step Solution

If the original rent was , then . Since = ₹24,000. Check: 24000 -> 27600 -> 30360. ₹24,288 divides by 1.25, treating the two rises as a single 25% - they compound, so the true factor is 26.5%. ₹26,400 and ₹27,600 undo only one of the two rises.
Answer: A) ₹24,000

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