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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?

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Solution

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 = 20,0003,50,000×100%
= 557%

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