Question

Arun bought a car for Rs350000. The next year, the price went up to Rs. 370000. What was the percentage of price increasing?

Answer 1

Hint:
Here, in the question we have given the price of car i.e. Rs350000 and after one year the price increases to Rs370000. We have to find the percentage increases in the price of the car. So firstly, we will find the increase in price in Rs and then we will find the percentage of increase in price.

Complete step by step solution:
Here, we have given the price of the car =RS350000
And the increased price after 1 year =RS370000
Now, increase in price
  $
   = 370000 - 350000 \\
   = Rs20000 \\
 $
To find the percentage increase
We take 35000 as \[100\% \] then 20000 is equal to how much?
 $
   \Rightarrow 350000 \to 100\% \\
   \Rightarrow 20000 \to ? \\
 $
 $
   = \dfrac{{20000 \times 100}}{{350000}}\% \\
   = \dfrac{{2000000}}{{350000}}\% \\
   = 5.71\% \\
 $

Therefore, increase in percentage amount $ = 5.71\% $

Note:
we have to take the initial amount as the $100\% $ not the amount i.e. increased amount after one year. Because we have to find the percentage increased amount at which the Arun by the car.