Question

Question 4
Arun purchased a car in ₹3,50,000 and next year its price has increased up to ₹3,70,000. Find the percentage increase in the price of car.

Answer 1

The percentage increase in the price of car is approximately 5.71%

• Given data :

Initial price of the car is rupees 350000.

Increased price of the car is rupees 370000.

• At first we have to calculate the increase of the price by using the following mathematical formula :

= Increased price - Initial price

= 370000 - 350000

= ₹ 20000

• Now,we have to calculate the percentage increase of price by using the following mathematical formula :

= 100 × price increase/initial price

= 100 × 20000/350000

= 5.71% (approximately)

So,the price increased for approximately 5.71% (answer).