The price of an item increased from ₹800 to ₹960. What is the percentage increase?
Show answer & explanation
Correct answer: C
Explanation
Given:
Initial Price = ₹800
New Price = ₹960
According to the formula:
Percentage Increase = (Increase / Initial Price) × 100
Increase = 960 − 800 = 160
Percentage Increase = (160 / 800) × 100 = 20%