Question 4
Arun bought a car for ₹ 3,50,000 . The next year, the price went up to ₹ 3,70,000 . What was the percentage increase in price?

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Solution

Initial price = ₹ 350000
Final price = ₹ 370000
Increase in amount = ₹(37000-35000) = ₹ 20000

Hence, the percentage increase in price = $\frac{₹ 20000}{₹ 350000} \times 100$ %
$= 5 \frac{5}{7} %$

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