Questions & Answers

Question

Answers

A.True

B.False

Answer
Verified

Initial price of the car is Rs. 3,50,000

Final price of the car Rs. 3,70,000

Increased in price of a car from Rs. 3,50,000 to Rs. 3,70,000

Now we will calculate the change in price

Amount change is equal to

\[ = Rs.3,70,000 - Rs.3,50,000\]

\[ = Rs.20,000\]

Therefore, Increased percentage = Amount of change / Original amount ×100

On putting the value of changed amount and the initial price

We get,

\[ = \dfrac{{20,000}}{{350000}} \times 100\]

\[ = 5\dfrac{{5}}{7}\% \]

Hence, the percentage of price increased is \[5\dfrac{{5}}{7}\% \]

Therefore the correct answer is that the percentage increase in the price will not be equal to 6%