Question

Price of an article increases from ₹50 to ₹60.Percentage increase of the price is​

Answer 1

Given:

Initial price of the article = Rs. 50

Final price of the article = Rs. 60

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

                                   = 60 - 50 = Rs. 10

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 × 10/50 = 20 %

Hence, the percentage increase in the price of that article is 20%.