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The price of a car was Rs 3,40,000 last year. It has increased by 20% this year. What is the price now?

  • a)
    Rs 4,00,400

  • b)
    Rs 3,08,000

  • c)
    Rs 4,08,000

  • d)
    Rs 3,04,000

Correct answer is option 'C'. Can you explain this answer?
Verified Answer
The price of a car was Rs 3,40,000 last year. It has increased by 20% ...
Original price = 3,40,000
20% increase = 20/100 * 3,40000
= 68000
New price = 3,40,000 + 68000
= 4,08,000
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Most Upvoted Answer
The price of a car was Rs 3,40,000 last year. It has increased by 20% ...
Given:
- Price of the car last year = Rs 3,40,000
- Increase in price this year = 20%

To find:
- The price of the car this year

Solution:
To find the price of the car this year, we need to calculate the increase in price and add it to the price of the car last year.

Step 1: Calculate the increase in price
Increase in price = (20/100) * Rs 3,40,000

Step 2: Add the increase in price to the price of the car last year
Price of the car this year = Price of the car last year + Increase in price

Calculation:
Increase in price = (20/100) * Rs 3,40,000
= (20/100) * 340000
= Rs 68000

Price of the car this year = Rs 3,40,000 + Rs 68,000
= Rs 4,08,000

Hence, the price of the car this year is Rs 4,08,000. Therefore, the correct answer is option C.
Free Test
Community Answer
The price of a car was Rs 3,40,000 last year. It has increased by 20% ...
Answer is Option c
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The price of a car was Rs 3,40,000 last year. It has increased by 20% this year. What is the price now?a)Rs 4,00,400b)Rs 3,08,000c)Rs 4,08,000d)Rs 3,04,000Correct answer is option 'C'. Can you explain this answer?
Question Description
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