Question

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

• A. 42,20,000
• B. 46,20,000
• C. 44,20,000
• D. 44,60,000

Answer 1

The correct option is B

46,20,000

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

$\frac{10}{100}$ x 42,00,000 = 4,20,000.

So, adding this amount to the previous price i.e. 42 lakhs would give you the new price. 42,00,000 + 4,20,000 = Rs. 46,20,000