The price of a mobile phone was ₹18,000 last year. It has increased by % this year. What is the current price of the mobile phone?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. ₹20,835 .
Last year price = ₹18000
Increase =15.75%
Increase amount = (15.75 × 18000) ÷ 100 = 2835
Current price = 18000 + 2835 = 20835