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The price of a motor bike was Rs 60,000 last year. It has increased by 15% this year. What is the price now?

  • a)
    Rs 69,000

  • b)
    Rs 63,000

  • c)
    Rs 66,000

  • d)
    Rs 30,800

Correct answer is option 'A'. Can you explain this answer?
Verified Answer
The price of a motor bike was Rs 60,000 last year. It has increased by...
As it was 60,000 initially, but now there is an increase of 15%.
so we calculate 15% of 60,000 that will be ₹9,000.
Then we have to calculate the new price of bike, (i.e. old + increased) = ₹60,000+₹9,000 = ₹69,000
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Most Upvoted Answer
The price of a motor bike was Rs 60,000 last year. It has increased by...
Price of the motorbike last year: Rs 60,000
Increase in price this year: 15%

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

Calculation:
Step 1: Calculate the increase in price
Increase in price = (15/100) * 60,000 = Rs 9,000

Step 2: Add the increase in price to the price last year
Price this year = Price last year + Increase in price
Price this year = 60,000 + 9,000 = Rs 69,000

Therefore, the price of the motorbike this year is Rs 69,000.

Explanation:
The question states that the price of the motorbike last year was Rs 60,000. This is the base price. To find the price this year, we need to calculate the increase in price and add it to the base price.

The increase in price is given as 15%. To calculate the increase, we multiply the base price by the percentage increase. In this case, the increase is 15% of Rs 60,000, which is Rs 9,000.

To find the price this year, we add the increase in price to the base price. Adding Rs 9,000 to Rs 60,000 gives us Rs 69,000.

Therefore, the price of the motorbike this year is Rs 69,000.

Answer:
The price of the motorbike now is Rs 69,000 (Option A).
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Community Answer
The price of a motor bike was Rs 60,000 last year. It has increased by...
As it was 60,000 initially, but now there is an increase of 15%.
so we calculate 15% of 60,000 that will be ₹9,000.
Then we have to calculate the new price of bike, (i.e. old + increased) = ₹60,000+₹9,000 = ₹69,000
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The price of a motor bike was Rs 60,000 last year. It has increased by 15% this year. What is the price now?a)Rs 69,000b)Rs 63,000c)Rs 66,000d)Rs 30,800Correct answer is option 'A'. Can you explain this answer?
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