Question

The price of an article is $₹350$. If there is an increase of $5\%$ in the price, then what will be the new price of that article?

Answer 1

The price of an article is $₹350$

Increase in price $=5\%$

Increase in price $=5\%ofnewprice$

$$\begin{gathered} =\frac{5}{100}\times 350 \\ =17.5 \end{gathered}$$

Hence the new price of an article $=350+17.5$

$=₹367.50$

Hence the new price of an article $=₹367.50$