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Question

The accommodation in an apartment costs 42 lakh. After 6 months, there was a 10% price hike, the new cost is:


A

42,20,000

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B

46,20,000

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C

44,20,000

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D

44,60,000

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Solution

The correct option is B

46,20,000


The price hike is 10%. So, 10% of 42,00,000 would give you the price hike.

Hence, 10100×42,00,000=4,20,000
So, adding this amount to the previous price i.e. 42 lakhs would give you the new price.

So, 42,00,000 + 4,20,000 =
46,20,000


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