Question

The price of a scooter was $₹34000$ last year. Its price has increased by $20\%$ this year. What is the price now?

Answer 1

Finding the new price of scooter:

Price of a scooter last year $=₹34000$

Now, the price has increased by $20\%$ this year.

Increase in price,

$$\begin{gathered} =20\%\mathrm{of}₹34000 \\ =\frac{20}{100}\times ₹34000 \\ =₹6800 \end{gathered}$$

Therefore, the increased price of scooter $=₹34000+₹6800=₹40800$

Therefore, the current price of scooter is $₹40800$.