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The price of a house was Rs 34,000 last year. It has increased by 20% this year. What is the price now?
- a)Rs 40,400
- b)Rs 40,800
- c)Rs 30,40,000
- d)Rs 30,80,00
Correct answer is option 'B'. Can you explain this answer?
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The price of a house was Rs 34,000last year. It has increased by 20% t...
Solution:
Given that the price of the house last year was Rs 34,000 and it has increased by 20% this year.
We need to find the price of the house now.
Let’s solve this problem step by step.
1. Calculate the increase in the price of the house this year.
Increase in price = 20% of the price last year
Increase in price = 20/100 x 34,000
Increase in price = 6,800
2. Add the increase in price to the price last year to get the current price of the house.
Current price = Price last year + Increase in price
Current price = 34,000 + 6,800
Current price = 40,800
Therefore, the price of the house now is Rs 40,800.
Hence, option (B) is the correct answer.
Given that the price of the house last year was Rs 34,000 and it has increased by 20% this year.
We need to find the price of the house now.
Let’s solve this problem step by step.
1. Calculate the increase in the price of the house this year.
Increase in price = 20% of the price last year
Increase in price = 20/100 x 34,000
Increase in price = 6,800
2. Add the increase in price to the price last year to get the current price of the house.
Current price = Price last year + Increase in price
Current price = 34,000 + 6,800
Current price = 40,800
Therefore, the price of the house now is Rs 40,800.
Hence, option (B) is the correct answer.
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