Mehul buys a car for Rs. 560000. He renovates it and eventually sells it for Rs. 640000. The percent increase in the price of the car is:
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 100/7 percent.
The percentage increase in the price car is = × 100
= (6,40,000 - 5,60,000)/5,60,000 × 100
= (80,000)/(5,60,000) × 100
= 100/7 %