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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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