Question

A new car costs $127000.After one year ,its value is $199,380.Find the percentage increase in its value​

Answer 1

Given.

• Cost of a car is $127000
• After 1 year, its value is $199380

To find.

• Percentage increase in its value

Solution.

• Cost of the car is $127000

• Value after a year is $199380

• Increase in value is
• $(199380 - 127000) = $72380

• Thus rate of increase is
• = increase / cost * 100%
• = 72380/127000 * 100%
• = 56.99%

Answer.

• Percentage of increase is 56.99%