Question

# Arun bought a car for ₹ 3,50,000. Next year, the price went up to ₹ 3,70,000. What was the percentage of price increase? [3 MARKS]

Solution

## Formula: 1 Mark Steps: 1 Mark Answer: 1 Mark Given that, Original price = ₹ 3,50,000. New price = ₹ 3,70,000. Increase in the price = ₹ 3,70,000 - ₹ 3,50,000. ∴ Increase in the price = ₹ 20,000 Percentage increase=Increase in the priceoriginal price×100 Percentage increase=20000350000×100 Percentage increase=5.714% The price of the car went up by 5.714%

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