A man bought a car for Rs. 3,50,000. The next year, the price went up to Rs. 3,70,000. What was the percentage of the price increase?
- 5.71%
- 7.5% 4%
- 4.9%
- 2%
- 2.5%
Explanation
Increased the price of a car from Rs. 3,50,000 to Rs. 3,70,000.
= \frac{20000}{350000}\times100=5\ \frac{5}{7}\%
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