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Class 7 Exam  >  Class 7 Questions  >  The price of a scooter was Rs 34,000 last yea... Start Learning for Free
The price of a scooter was Rs 34,000 last year. It has increased by 20% this year. What is the price now?
  • a)
    Rs 40800
  • b)
    Rs 28200
  • c)
    Rs 30000
  • d)
    None of these
Correct answer is option 'A'. Can you explain this answer?
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Verified Answer
The price of a scooter was Rs 34,000 last year. It has increased by 20...
Price of the scooter last year=34000
Increase=20%
Amount of increase=20% of 34000=20/100*34000=6800
New price=34000+6800=Rs. 40800
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Most Upvoted Answer
The price of a scooter was Rs 34,000 last year. It has increased by 20...
Problem:
The price of a scooter was Rs 34,000 last year. It has increased by 20% this year. What is the price now?

Solution:
To find the price of the scooter this year, we need to calculate the 20% increase on the price from last year.

Calculation:
Given:
Price of the scooter last year = Rs 34,000
Increase in price = 20%

To find the price this year, we can use the formula for calculating the increase:
New price = Old price + (Old price × Increase)

Substituting the given values into the formula:
New price = 34,000 + (34,000 × 20/100)
= 34,000 + (6,800)
= 40,800

Therefore, the price of the scooter this year is Rs 40,800.

Answer:
The correct option is (a) Rs 40,800.
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Community Answer
The price of a scooter was Rs 34,000 last year. It has increased by 20...
Because last year the Rs was 34000.Now the Rs is 20% increased. So the answer is 34000×20÷100.
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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?a)Rs 40800b)Rs 28200c)Rs 30000d)None of theseCorrect answer is option 'A'. Can you explain this answer?
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