At the beginning of a year ,the owner of a jewel shop raised the price of all the jewels in his shop by x% and lowered them by x%. The price of one jewel after this up and down cycle reduced by Rs. 100. The owner carried out the same procedure after a month. After this second up-down cycle,the price of that jewel was Rs. 2304. Find the original price of that jewel(in Rs.)

Solution (By Examveda Team)

$$\eqalign{ & {\text{Let}}\,{\text{the}}\,{\text{original}}\,{\text{price}} = y, \cr & {\text{After}}\,{\text{first}}\,{\text{change,}}\,{\text{it}}\,{\text{becomes}}, \cr & y \times \left( {1 + {\frac{x}{{100}}} } \right) \cr & {\text{After}}\,{\text{second}}\,{\text{change,}}\,{\text{it}}\,{\text{becomes}} \cr & y \times \left( {1 + {\frac{x}{{100}}} } \right)\left( {1 - {\frac{x}{{100}}} } \right) \cr & = y\left( {1 - {{\left( {\frac{x}{{100}}} \right)}^2}} \right) \cr & {\text{Thus}}, \cr & {x^2} \times y = {10^6} - - - - \left( 1 \right) \cr & {x^2} = \frac{{{{10}^6}}}{y} \cr & {\text{Now}}, \cr & y{\left( {1 - {\frac{{{{10}^6}}}{{10000y}}} } \right)^2} \cr & = 2304\left( {{\text{similar}}\,{\text{to}}\,{\text{above}}} \right) \cr & y{\left( {1 - \frac{{100}}{y}} \right)^2} = 2304 \cr & y = 2500 \cr} $$