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Question : The price of a bike was Rs. 7000 last year. The price increased by 10% this year. What is the price of the bike this year?

Option 1: Rs. 7400

Option 2: Rs. 7700

Option 3: Rs. 7600

Option 4: Rs. 7500


Team Careers360 25th Jan, 2024
Answer (1)
Team Careers360 26th Jan, 2024

Correct Answer: Rs. 7700


Solution : Previous price = Rs. 7000
Price increase = 10%
$\therefore$ New price = 7000 + (7000 × $\frac{10}{100}$) = 7000 + 700 = Rs. 7700
Hence, the correct answer is Rs. 7700.

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