Question

The cost of an apartment was ₹ 42 lakhs. 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

Increase in price = 42,00,000 x 0.1 = ₹ 4,20,000
$\therefore$ New Price = 42,00,000 + 4,20,000 = ₹ 46,20,000