Amir brought a car for Rs 3,50,000. The next year, the price went up t

1.	Amir brought 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» Given: Cost=3,50,000 PRICE NEXT year=3,70,000 Let the percentage increase be X%. EQUATION formed: Cost + X% of cost=Price next year. 350000+X/100x350000=370000 350000+3500X=370000 3500X=370000-350000 3500X=20000 X=20000/3500 X=5.7142857142857142% Or approximately 6% increase in price.

Amir brought 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»

Given:

Cost=3,50,000

PRICE NEXT year=3,70,000

Let the percentage increase be X%.

EQUATION formed: Cost + X% of cost=Price next year.

350000+X/100x350000=370000

350000+3500X=370000

3500X=370000-350000

3500X=20000

X=20000/3500

X=5.7142857142857142%

Or approximately 6% increase in price.

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Amir brought 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?​

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Amir brought 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?