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The price of a scooter was Rs. 34,000 last year. It has increased by 20% this year. What is the price now? - Mathematics

Sum
The price of a scooter was Rs. 34,000 last year. It has increased by 20% this year. What is the price now?
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Solution 1

The increase in the price, which is 20% of Rs. 34,000.
20% of Rs. 34000 = Rs. `20/100 xx 34000` = Rs. 6800
New price = Old price + Increase
= Rs. 34,000 + Rs. 6,800
= Rs. 40,800.

Solution 2

20% increase means, Rs. 100 increased to Rs. 120.
So, Rs. 34,000 will increase to?

Increased price = Rs. `120/100 xx 34000` = 40,800.

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