Question

Arun bought a car for Rs 3,50,000 . Next year ,the price went upto Rs
3,70,000.What was the percentage increase in the price ?

Answer 1

Answer:

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Step-by-step explanation:

Increased in price of a car from Rs. 3,50,000 to Rs. 3,70,000

Amount change = Rs.3,70,000 − Rs.3,50,000 = Rs.20,000

Therefore, Increased percentage =

$\frac{amount \: \: of \: \: change}{original \: \: amount} \times 100\\ \\ = \frac{20000}{350000} \times 100 \\ \\ = 5 \frac{5}{7} \: \%$

Hence, the percentage of price increased is

$5 \frac{5}{7} \: \: \%$

Answer 2

From the question, it is given that

Arun bought a car for = ₹ 350000

The price of the car in the next year, went up to = ₹ 370000

Then increase in price of car = ₹ 370000 – ₹ 350000

= ₹ 20000

The percentage of price increase = (₹ 20000/ ₹ 350000) × 100

= (2/35) × 100

= 200/35

= 40/7