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The price of a car was Rs. 7,50,000 last year. The price increased by 15% this year. What is the price of the car this year?
Question

The price of a car was Rs. 7,50,000 last year. The price increased by 15% this year. What is the price of the car this year?

A.

Rs. 8,50,500

B.

Rs. 7,75,500

C.

Rs. 9,02,500

D.

Rs. 8,62,500

Correct option is D

Given:
Price of a motorcycle last year= 750000
Increase in percentage = 15%
Formula Used:
Increment = Original Price + Increase100×OriginalPrice\frac{Increase}{100} \times Original Price​​
Solution:
​​Increment = 750000 + 15100×750000\frac{15}{100} \times 750000​​
​Increment  = 750000 + 112500
Increment  = 862500

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