Arun bought a car for ₹ 3,50,000. The next year, the price went upto ₹ 3,70,000. What was the Percentage of price increase?

Given

Arun bought a car for = ₹ 350000

The price of the car in the next year went up to = ₹ 370000

Find out

We have to determine the percentage of increase in car price

Solution

Then increase in the price of car = ₹ 370000 – ₹ 350000

= ₹ 20000

The percentage of price increase = (₹ 20000/ ₹ 350000) × 100

= (2/35) × 100

= 200/35

= 40/7

=   [latex]5\frac{5}{7}[/latex]

Answer

The percentage of increase in car price is   [latex]5\frac{5}{7}[/latex]

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