Question

Arun bought a car for rs 350000 . The next year, the price went upto rs 370000. What was the percentage of price increase?

Answer 1

Increase in price = 3,70,000 - 3,50,000 = Rs. 20,000
Percentage increase in price = Increase in price/Original price * 100
                                              = 20,000/3,50,000 * 100 = 5.714% (approx)

Answer 2

total increased price 370000$
now price increased is 370000$-350000$=20
000
percent =20000÷370000×100=5.405%