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?
a) 5•/• b) 7•/• c) 7/40 d) none of these.
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Answer:
We know that ;
There is a formula to find the increse percent :
Increase or decrease percent = Total Increase or decrease / Original Price × 100
So ;
(i) Total Increase = 3,70,000 - 3,50,000
Total Increase = 20,000
(ii) Original Price = 3,50,000
Now let's put the values in the formula :
Increse percent = Total Increase/Original price × 100
Increase percent = 20,000 / 3,50,000 × 100
Increase percent = 5% approx.
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