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Finding Increase or Decrease Percentage in Situations

The price of ...

Question

The price of an article increases from Rs 960 to Rs 1080. Find the percentage increase in the price.

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Solution

It is given that
Increase in the price of an article $1080 - 960 = R s 120$
We know that
Percentage increase in the price = $120 / 960 \times 100$
By further calculation
= $1 / 8 \times 100$
So we get
$= 100 / 8$ %
$= 25 / 2$ %
$= 12.5$ %

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