Question

The price of an article is 1050. If there is an increase of 12.5% in the price, find the new price of that article​

Answer 1

Answer: 12.5 / 100 (1050)

= Rs. 131.25

Answer 2

Here the cost price of an article is given to be Rs. 1050

Now, it is given that the price is increased by 12.5%

So, first we will find the 12.5% of 1050

increase in price =12.5% of 1050

                            = (12.5/100) × 1050

                           = 131.25

Now, we have to find the new price of the article

New price = initial price + increase in price

                 = 1050 + 131.25

                  = 1181.25