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If the cost of a computer is Rs. 4,00,000. Its cost rises to Rs. 4,80,000. Find the percent increase in its cost.1. 20%2. 50%3. 40%4. 10%

Answer» Correct Answer - Option 1 : 20%

Given

Original cost = Rs. 4,00,000

New cost = Rs. 4,80,000

Formula used

Increase percent = [(increase value / original value) × 100]%

Calculation:

Increase percent = [(increase value / original value) × 100]%

⇒ [(80,000 / 400000) × 100]%

⇒ 20%

∴ The percent increase in its cost is 20%.



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