Question

The cost of an apartment was ₹42 lakh. After 6 months, there was a 10% increase in its price, what is the new cost of the apartment?

• A. ₹ 42,20,000
• B. ₹ 46,20,000
• C. ₹ 44,20,000
• D. ₹ 44,60,000

Answer 1

The correct option is B

₹ 46,20,000

Given : The cost of apartment = ₹42 lakhs

Increase in price = 10%.

So, 10% of 42 lakhs would give us the increase in price.

$\frac{10}{100}\times 42,00,000$ = ₹ 4,20,000

Add this amount to ₹ 42 lakhs to find the increased price.

$\therefore$New Price = 42,00,000 + 4,20,000 = ₹ 46,20,000

Alternate method

Increased price = 42,00,000 x 1.1 = ₹ 46,20,000