• # question_answer 17) 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?

$\text{Percent increase =}\frac{\text{Amount of increase}}{\text{original amount}}\text{ }$ $\text{ }\!\!\times\!\!\text{ 100 }\!\!%\!\!\text{ }$ $=\frac{3,70,000-3,50,000}{3,50,000}\times 100%$ $=\frac{20,000}{3,50,000}\times 100%=\frac{40}{7}%$or $5\frac{5}{7}%$