Solution -
Let,
The original price of the Radio = 100x
Price of radio including sales tax of 8% = 1404
100x + 8% of 100x = 1404
100x + (8/100) × 100x = 1404
100x + 8x = 1404
108x = 1404
x = 1404/108
x = 13
Now,
Original price of radio = 100x
Original price of radio = 100 × 13
Original price of radio = 1300
Therefore,
Reduction in the price = 1404 - 1300
Reduction in the price = 104
Hence,
The correct answer is option (b) 104.
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