Solution:Let the weight of the pieces of diamond be x, 2x, 3x, 4x
Total weight of diamond = x + 2x + 3x + 4x = 10x.
Price ∝ (weight)²
⇒ Price = k(weight)² ; Where K is constant
Original price = k(10x)²
Price of pieces = (kx² + 4kx² + 9kx² + 16kx²)
= 30kx²
Loss in price = 100kx² − 30kx²
= 70kx²
which is given as 70,000.
70kx² = 70000
⇒ kx² = 1000
Original price = 100kx²
= 100 × 1000 = 100000