Question

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

• A. $5\frac{5}{7}\%$
• B. $5\%$
• C. $5\frac{15}{37}\%$
• D. $20\%$

Answer 1

The correct option is A $5\frac{5}{7}\%$

Initial price $=₹350000$
Final price $=₹370000$
Increase in amount $=₹370000-₹350000=₹20000$

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