Question

Rohan bought a car for ₹4,50,000. The next year, the price went upto ₹4,75,000. What was the percentage of price increase?

Answer 1

Answer:

Increased in price of a car from Rs. 3,50,000 to Rs. 3,70,000

Amount change =Rs.3,70,000−Rs.3,50,000=Rs.20,000

Therefore, Increased percentage =

Originalamount

Amountofchange

×100

=

350000

20,000

×100=5

7

5

%

Hence, the percentage of price increased is 5

7

5

%

Step-by-step explanation:

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Initial price of the car = Rs. 3,50,000

Final price of the car = Rs. 3,70,000

Increase in price = 3,70,000 – 3,50,000 = 20000

Percentage increase = (Change in quantity / Initial quantity) × 100

= (20000 / 350000) × 100

= 200 / 35

= 5 5/7%