#### Question

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

#### Solution

Initial price = Rs 350000

Final price = Rs 370000

Increase = Rs 20000

% increase = `20000/350000xx 100`

= `5 5/7%`

Is there an error in this question or solution?

Solution Arun Bought a Car for Rs 3,50,000. the Next Year, the Price Went Upto Rs 3,70,000. What Was the Percentage of Price Increase? Concept: Increase Or Decrease as per Cent.