To find the percentage increase in the price of the car, we use the formula:
Percentage Increase=(New Price−Old PriceOld Price)×100\text{Percentage Increase}=\left(\frac{\text{New Price}-\text{Old Price}}{\text{Old Price}}\right)\times 100Percentage Increase=(Old PriceNew Price−Old Price)×100
Given:
- Old Price = ₹3,70,000
- New Price = ₹3,90,000
Step 1: Calculate the increase in price
Increase=3,90,000−3,70,000=20,000\text{Increase}=3,90,000-3,70,000=20,000Increase=3,90,000−3,70,000=20,000
Step 2: Calculate the percentage increase
Percentage Increase=(20,0003,70,000)×100=(20,000370,000)×100\text{Percentage Increase}=\left(\frac{20,000}{3,70,000}\right)\times 100=\left(\frac{20,000}{370,000}\right)\times 100Percentage Increase=(3,70,00020,000)×100=(370,00020,000)×100
=0.05405×100=5.405%=0.05405\times 100=5.405%=0.05405×100=5.405%
Final answer:
The percentage increase in the price of the car is approximately 5.41%.
