Question

A property which was valued at RS. 40,000 five years ago is now valued at RS.60,000 what is the percentage increase in value?

Answer 1

Step-by-step explanation:

INCREASED PRISE = 60000 - 40000

=RS 20000

SO INSRESEND PERCENTAGE = 20000/60000×100

= 33.33%

Answer 2

➤ Given :-

Original price of property :- ₹40000

Price after 5 years :- ₹60000

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➤ To Find :-

Percentage of increased value

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➤ Formula required :-

${\tt \large \dashrightarrow \orange{\boxed{\tt \gray{\dfrac{Change \: in \: value}{Original \: value} \times 100}}}}$

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★ How to do :-

Here, we are given that the price of property changed from one price to other ib five years. Here, the new price is greater than the original price. So, there is increase in value. First, we should subtract the new price and the original price and then we can use the given formula for calculating the change in percentage form. To calculate any percentage we should use the same formula.

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➤ Solution :-

Change in value :-

${\tt \leadsto 60000 - 40000}$

${\tt \leadsto Rs \: \: 20000}$

Now,

Percentage of changes :-

${\tt \leadsto \dfrac{20000}{40000} \times 100}$

${\tt \leadsto \dfrac{20000}{\cancel{40000}} \times \cancel{100} = \dfrac{20000}{400}}$

${\tt \leadsto \cancel \dfrac{20000}{400} = \boxed{\tt 200 \bf\%}}$

$\Huge\therefore$ The change in value of property is 20%.

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More to know :-

The formula applied to calculate the percentage is

${\longrightarrow \sf \dfrac{Obtained \: value}{Total \: value} \times 100}$

• To convert the fraction to percentage form, we should multiply the given fraction with 100.
• To convert the decimal to percentage form, first we should convert it to fractional form and then multiply it by 100.
• To convert the ratio to percentage form, first we should convert it to fractional form and then multiply it by 100.