If a person’s salary increases from ₹200 per day to ₹234 per day, then the percentage increase in the person’s salary is:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 17%.
Increase in salary = New salary - Old salary
⇒ Increase in salary = ₹234 - ₹200 = ₹34
⇒ Percentage increase = (Increase in salary / Old salary) * 100
⇒ Percentage increase = (₹34 / ₹200) * 100
⇒ Percentage increase = 0.17 * 100
⇒ Percentage increase = 17%
Therefore, the percentage increase in the person's salary is 17%.