01.The price of 1 packet of bread was ₹15 in 2005. In 2020 the price increased to ₹40. What is the percentage increase in the price of 1 packet of bread?
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0.053×10^5 in scientific notation right answer
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Given,
The previous price was = Rs. 15
The new price is = Rs. 40
To find,
The percentage increase in the price.
Solution,
We can easily solve this mathematical problem by the following mathematical process.
Increase amount = (40-15) = Rs. 25
Percentage increase amount= 100 × 25/15 = 166.66%
(By this percentage the initial amount is increased to reach the new price.)
Hence, the percentage increase is approximately 166.66%
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