Question

Find the percentage increase in the price of an article if it is increase from Rs. 72 to Rs. 81

Answer 1

Given,

Initial price of the article = Rs. 72

Final price of the article = Rs. 81

To find,

The percentage increase in the price of that article.

Solution,

First of all, we need to calculate the general numeric value of the price increase of that article.

Price increase value = Final price - Initial price

= 81 - 72 = Rs. 9

Now, we have to calculate the percentage increase in the price of that article, by using the following mathematical formula,

Percentage increase = 100 × Increase value/Initial price = 100 × 9/72 = 12.5%

Hence,the percentage increase in the price of that article is 12.5%.