Question

Ramesh bought a mobile from a local store. He paid 1/6 of the price via UPI and 1/3 of the price via cash. He agreed to pay the balance amount a year later. While paying back the balance amount, Ramesh paid 10% interest on the balance amount. If the interest paid was Rs. 6000, what was the original price of the mobile?

• A. Rs. 110000
• B. Rs. 150000
• C. Rs. 120000
• D. Rs. 100000
• E. Rs. 90000

Hint:

When dealing with interest calculations, make sure to correctly identify the principal amount and apply the interest rate to the correct amount.