Arun bought a car for Rs 3,50,000. The next year, the price went upto Rs 3,70,000.
What was the percentage of price increase?
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Answered by
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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
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