Question

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?

Answer 1

Initial price = ₹3,50,000
Final price = ₹3,70,000
Increase in amount = ₹(3,70,000 - 3,50,000) = ₹20,000

Hence, the percentage increase in price = $\frac{₹20,000}{₹3,50,000}\times 100$%
$=5\frac{5}{7}\%$