The cost of gold worth Rs. 50,000 is increased by 10% first and again

1.	The cost of gold worth Rs. 50,000 is increased by 10% first and again increased by 10%. The total price after increment in Rs. is?1. Rs. 60,0002. Rs. 60,5003. Rs. 55,5004. Rs. 57,500
Answer» Correct Answer - Option 2 : Rs. 60,500 Given: Cost of gold = Rs. 50,000 Calculation: The cost increases by 10% So, Total cost = (110/100) × 50000 Total cost after first growth = 55000 Now, the cost again increases by 10% Total cost after second growth = (110/100) × 55000 Total cost after second growth = Rs. 60500 ∴ Total growth at last = Rs. 60500

The cost of gold worth Rs. 50,000 is increased by 10% first and again increased by 10%. The total price after increment in Rs. is?1. Rs. 60,0002. Rs. 60,5003. Rs. 55,5004. Rs. 57,500

Answer» Correct Answer - Option 2 : Rs. 60,500

Given:

Cost of gold = Rs. 50,000

Calculation:

The cost increases by 10%

So, Total cost = (110/100) × 50000

Total cost after first growth = 55000

Now, the cost again increases by 10%

Total cost after second growth = (110/100) × 55000

Total cost after second growth = Rs. 60500

∴ Total growth at last = Rs. 60500

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The cost of gold worth Rs. 50,000 is increased by 10% first and again increased by 10%. The total price after increment in Rs. is?1. Rs. 60,0002. Rs. 60,5003. Rs. 55,5004. Rs. 57,500

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