The present cost of a building is ₹1,28,000. After a year, its cost increased to ₹1,46,000. The percentage increase (rounded off to the nearest integer) in the cost of the building is:

Correct option is D

Given:

Present cost of building = ₹1,28,000

Cost of building after one year = ₹1,46,000

Formula Used:

Increase in percent $$= \frac{Increase\ in \ Value}{Original \ Value}\times 100$$​​

Solution:

Increase in cost = 1,46,000 - 1,28,000 = ₹18000

Increase in percent =$$\frac{18000}{128000} \times 100 = 14.06\% \approx 14\%$$