Mahesh's annual salary increased from Rs. 2,00,000 to Rs. 2,40,000. Find the percentage increase in the salary.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 20%.
⇒ 2,40,000 - 2,00,000 = 40,000
⇒ (40,000 / 2,00,000) × 100 = 20%
Therefore, the percentage increase in Mahesh's salary is 20%.