Arun bought a car for Rs. 350,000. The next year, the price went up to Rs. 370,000. What was the percentage of price increased?
Last updated date: 16th Mar 2023
•
Total views: 305.1k
•
Views today: 8.84k
Answer
305.1k+ views
Hint: In this question Arun bought a car for some amount and later after certain duration of time the price of that car went up, so the percentage increase in amount of car will be increment in price divided by original price multiplied with 100 so, use this basic concept to reach the solution of the problem.
Complete step-by-step answer:
Given data
Arun bought a car for Rs. 350,000.
And in the next year, the price went up to Rs. 370,000.
So, increment in the price is $ = 370,000 - 350,000 = Rs.{\text{ }}20,000$
So, the percentage of price increased is the ratio of increment in the price divided by original price multiplied by 100.
Therefore percentage of price increased $ = \dfrac{{20,000}}{{350,000}} \times 100$
$ = \dfrac{2}{{35}} \times 100 = \dfrac{{40}}{7} = 5.714$%
So, this is the required percentage of price increase.
Note: Whenever we face such types of problems the key point to firstly calculate the increment in price, which can be obtained by subtracting the original price from the increased price. After having an incremented price the percentage can be easily calculated using the basic percentage calculation formula.
Complete step-by-step answer:
Given data
Arun bought a car for Rs. 350,000.
And in the next year, the price went up to Rs. 370,000.
So, increment in the price is $ = 370,000 - 350,000 = Rs.{\text{ }}20,000$
So, the percentage of price increased is the ratio of increment in the price divided by original price multiplied by 100.
Therefore percentage of price increased $ = \dfrac{{20,000}}{{350,000}} \times 100$
$ = \dfrac{2}{{35}} \times 100 = \dfrac{{40}}{7} = 5.714$%
So, this is the required percentage of price increase.
Note: Whenever we face such types of problems the key point to firstly calculate the increment in price, which can be obtained by subtracting the original price from the increased price. After having an incremented price the percentage can be easily calculated using the basic percentage calculation formula.
Recently Updated Pages
If ab and c are unit vectors then left ab2 right+bc2+ca2 class 12 maths JEE_Main

A rod AB of length 4 units moves horizontally when class 11 maths JEE_Main

Evaluate the value of intlimits0pi cos 3xdx A 0 B 1 class 12 maths JEE_Main

Which of the following is correct 1 nleft S cup T right class 10 maths JEE_Main

What is the area of the triangle with vertices Aleft class 11 maths JEE_Main

The coordinates of the points A and B are a0 and a0 class 11 maths JEE_Main

Trending doubts
Write an application to the principal requesting five class 10 english CBSE

Tropic of Cancer passes through how many states? Name them.

Write a letter to the principal requesting him to grant class 10 english CBSE

List out three methods of soil conservation

Fill in the blanks A 1 lakh ten thousand B 1 million class 9 maths CBSE

Write a letter to the Principal of your school to plead class 10 english CBSE

What is per capita income

Change the following sentences into negative and interrogative class 10 english CBSE

A Short Paragraph on our Country India
