Question

The price of an inkpot is $₹20.$

Its price has been increased by $25\%$.

What is the increased price of the inkpot ?

Answer 1

Step $\mathbf{1}\mathbf{.}$Finding increase in the price of inkpot

Given price of inkpot$=$$₹20.$

Percentage increase in the price$=25\%$

Increase in the amount$=25\%$ of price of inkpot

$=\frac{25}{100}\times 20$

$=₹5$

Step $\mathbf{2}\mathbf{.}$Finding increased price of inkpot

Increased price$=$Old price $+$ Increase in the amount

$=20+5$

$=₹25$

Hence increased price of inkpot is $₹25$