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The price of a car was Rs 5,00,000 last year. It has increased by 10% this year. What is the price now?
  • a)
    Rs 4,40,000
  • b)
    Rs 5,50,000
  • c)
    Rs 3,00,800
  • d)
    Rs 3,00,400
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
The price of a car was Rs 5,00,000 last year. It has increased by 10% ...
As it was 5,00,000 initially, but now there is an increase of 10%.
so we calculate 10% of 5,00,000 that will be ₹50,000.
Then we have to calculate the new price of bike, (i.e. old + increased) = ₹5,00,000+₹50,000 = ₹5,50,000
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Most Upvoted Answer
The price of a car was Rs 5,00,000 last year. It has increased by 10% ...
Price of the car last year: Rs 5,00,000
Increase in price this year: 10%

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 = (10/100) * Rs 5,00,000
Increase in price = Rs 50,000

Step 2: Add the increase in price to the price of the car last year
Price this year = Rs 5,00,000 + Rs 50,000
Price this year = Rs 5,50,000

Therefore, the price of the car now is Rs 5,50,000.

So, the correct option is b) Rs 5,50,000.
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The price of a car was Rs 5,00,000 last year. It has increased by 10% this year. What is the price now?a)Rs 4,40,000b)Rs 5,50,000c)Rs 3,00,800d)Rs 3,00,400Correct answer is option 'B'. Can you explain this answer?
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The price of a car was Rs 5,00,000 last year. It has increased by 10% this year. What is the price now?a)Rs 4,40,000b)Rs 5,50,000c)Rs 3,00,800d)Rs 3,00,400Correct answer is option 'B'. Can you explain this answer? for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about The price of a car was Rs 5,00,000 last year. It has increased by 10% this year. What is the price now?a)Rs 4,40,000b)Rs 5,50,000c)Rs 3,00,800d)Rs 3,00,400Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The price of a car was Rs 5,00,000 last year. It has increased by 10% this year. What is the price now?a)Rs 4,40,000b)Rs 5,50,000c)Rs 3,00,800d)Rs 3,00,400Correct answer is option 'B'. Can you explain this answer?.
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