Question

arun bought a car for rs3,50,000 the next year,the price went upto rs3,70,000 what was the percentage of price increase?​

Answer 1

Answer:

$\sf{\circ\;Increase\;in\;the\;price\;is\;5\dfrac{5}{7}\%.}$

Step-by-step explanation:

Given that:

• Arun bought a car for ₹3,50,000.
• The next year, the price of the car was ₹3,70,000.

To Find:

• Percentage of the price increase.

Solution:

• Original Price = ₹3,50,000
• Increased Price = ₹3,70,000

Finding increase:

Increase = Increased Price - Original Price

= ₹(3,70,000 - 3,50,000)

= ₹20,000

Hence, increase in the price is ₹20,000.

Finding increase percentage:

$\sf{\circ\;Increase\;percentage=\left(\dfrac{Increase}{Original\;Price}\times100\right)\%}$

Substituting the values,

$\sf{\longmapsto\left(\dfrac{20,000}{3,50,000}\times100\right)\%}$

Cutting off the zeros,

$\sf{\longmapsto\left(\dfrac{200\!\!\!\not{0}\!\!\!\not{0}}{35\!\!\!\not{0}\!\!\!\not{0}\!\!\!\not{0}\!\!\!\not{0}}\times1\!\!\!\not{0}\!\!\!\not{0}\right)\%}$

$\sf{\longmapsto\left(\dfrac{200}{35}\right)\%}$

Reducing the numbers,

$\sf{\longmapsto\left(\dfrac{200\div5}{3\div5}\right)\%}$

$\sf{\longmapsto\dfrac{40}{7}\%}$

Dividing,

$\sf{\longmapsto5\dfrac{5}{7}\%}$

Hence,

$\sf{\circ\;Increase\;in\;the\;price\;is\;\bf{5\dfrac{5}{7}\%}.}$