The monthly income of a person is ₹45,000. If his income is increased by 25%, then find his new monthly income (in ₹).

Correct option is C

Given:

Monthly income of a person = ₹45,000

Increment in income = 25%

Formula Used:

Increased value = $$\frac{ \text{Percentage increase}}{100} \times \text{ Original Value}$$​​

Solution:

Increase in in income = 45000 + 25% of 45000 

= $$45000 + \frac{25}{100}\times 45000 =$$​ $$45000 + 11250 = \bf ₹56,250$$