Question

Arun bought a car for Rs. $$3,50,000$$. The next year, the price went up to Rs. $$3,70,000$$. What was the percentage of price increase?

Answer 1

Increased in price of a car from Rs. $$3,50,000$$ to Rs. $$3,70,000$$
Amount change $$=Rs. 3,70,000-Rs.3,50,000=Rs.20,000$$
Therefore, Increased percentage $$=\cfrac{Amount\quad of\quad change}{Original\quad amount}\times 100$$
$$=\cfrac{20,000}{350000}\times 100=5\cfrac{5}{7}$$%
Hence, the percentage of price increased is $$5\cfrac{5}{7}$$%