Question

Arun bought a car for rs 3,50,000. The next year, the price went up to rs 3,70,000. What was the percentage of price increase.What would be the profit if the company sells the same car now?

Answer 1

Hi there!

Here's the answer :

Gain percent =$\frac{Current\: price - Original\: price}{Original\: price}× 100$

Given,

Current price = 370000 Rs

Original price = 35000 Rs

$Percentage\: Increase\: in\: Price= \frac{3700000-350000}{350000}× 100$

=  $\frac{2000}{350000}× 100$

= $\frac{200}{35}$

=$\frac{40}{7}$

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

Hope it helps