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Q.4 Arun bought a car for ? 3,50,000. The next year, the price went upto ? 3,70,000. What was the Percentage of price increase?
Answer :

Original price of the car = Rs.3,50,000
Price increased next year = Rs.3,70,000
Increase in price
= Rs. 3,70,000 – Rs. 3,50,000 = Rs. 20,000
\(\therefore \)Percentage of the increase in the price
= \(\frac{20000×100}{350000} \) = \(\frac{40}{7} \) % = \(5\frac{5}{7} \) %