The present cost of a house is ₹155120. After a year, its cost increased to ₹197932. The percentage increase (rounded off to the nearest integer) in the cost of the house is:

Correct option is C

Given:

Present cost of the house = ₹155,120

Cost after a year = ₹197,932

Formula Used:

Percentage Increase =$$\frac{\text{Final Cost} - \text{Initial Cost}}{\text{Initial Cost}} \times 100$$​

Solution:

Percentage Increase = $$\frac{197932 - 155120}{155120} \times 100$$​

​$$= \frac{42812}{155120} \times 100 \approx 27.6\%$$​

Rounded off to the nearest integer, the percentage increase is 28%.