The Price Our Scooter Was 36000 Last Year It Has Increased By 18 In Percentage Here What Is He Price Now
Understanding the Problem
In this problem, we are given the original price of a scooter, which was 36000 last year. We are also told that the price has increased by 18% in the current year. Our goal is to calculate the new price of the scooter.
What is Percentage Increase?
Before we dive into the calculation, let's understand what percentage increase means. A percentage increase is a way to express a change in value as a percentage of the original value. In this case, the price of the scooter has increased by 18% of its original value.
Calculating the Increase in Price
To calculate the increase in price, we need to find 18% of the original price of 36000. We can do this by multiplying the original price by the percentage increase.
18% of 36000 = (18/100) × 36000 = 0.18 × 36000 = 6480
So, the increase in price is 6480.
Calculating the New Price
Now that we have the increase in price, we can calculate the new price by adding the increase to the original price.
New price = Original price + Increase in price = 36000 + 6480 = 42480
Therefore, the new price of the scooter is 42480.
Example Use Case
This problem can be applied to real-life scenarios where prices are increasing due to inflation, taxes, or other factors. For example, if a company increases the price of its product by 18%, we can use this formula to calculate the new price.
Conclusion
In this article, we learned how to calculate the new price of a scooter after a percentage increase. We started by understanding the concept of percentage increase and then calculated the increase in price by multiplying the original price by the percentage increase. Finally, we added the increase in price to the original price to get the new price. This problem can be applied to various real-life scenarios where prices are increasing due to various factors.
Calculating Percentage Increase
Formula
Percentage increase = (Increase in price / Original price) × 100
Example
Original price = 36000 Increase in price = 6480 Percentage increase = (6480 / 36000) × 100 = 18%
Conclusion
In this section, we learned how to calculate the percentage increase in price. We used the formula: (Increase in price / Original price) × 100 to calculate the percentage increase.
Real-Life Applications
Inflation
Inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. It can be caused by various factors such as an increase in demand, a decrease in supply, or an increase in the money supply. To calculate the new price of a product after inflation, we can use the formula: New price = Original price × (1 + Inflation rate).
Taxes
Taxes are a type of government-imposed fee on goods and services. To calculate the new price of a product after taxes, we can use the formula: New price = Original price × (1 + Tax rate).
Conclusion
In this article, we learned how to calculate the new price of a scooter after a percentage increase. We also learned how to calculate the percentage increase in price and applied it to real-life scenarios such as inflation and taxes. We hope this article has provided you with a better understanding of how to calculate percentage increase and its applications in real-life scenarios.
Final Answer
Q: What is the formula to calculate the new price after a percentage increase?
A: The formula to calculate the new price after a percentage increase is: New price = Original price + (Original price × Percentage increase).
Q: How do I calculate the percentage increase in price?
A: To calculate the percentage increase in price, you can use the formula: Percentage increase = (Increase in price / Original price) × 100.
Q: What is the difference between a percentage increase and a percentage decrease?
A: A percentage increase is a way to express a change in value as a percentage of the original value, whereas a percentage decrease is a way to express a reduction in value as a percentage of the original value.
Q: How do I calculate the new price after a percentage decrease?
A: To calculate the new price after a percentage decrease, you can use the formula: New price = Original price - (Original price × Percentage decrease).
Q: What is the formula to calculate the percentage increase in price when the new price is given?
A: The formula to calculate the percentage increase in price when the new price is given is: Percentage increase = ((New price - Original price) / Original price) × 100.
Q: How do I calculate the original price when the new price and percentage increase are given?
A: To calculate the original price when the new price and percentage increase are given, you can use the formula: Original price = New price / (1 + Percentage increase).
Q: What is the formula to calculate the percentage decrease in price when the new price is given?
A: The formula to calculate the percentage decrease in price when the new price is given is: Percentage decrease = ((Original price - New price) / Original price) × 100.
Q: How do I calculate the new price after a percentage increase when the original price and percentage increase are given, but the increase in price is not given?
A: To calculate the new price after a percentage increase when the original price and percentage increase are given, but the increase in price is not given, you can use the formula: New price = Original price + (Original price × Percentage increase).
Q: What is the formula to calculate the percentage increase in price when the original price and increase in price are given?
A: The formula to calculate the percentage increase in price when the original price and increase in price are given is: Percentage increase = (Increase in price / Original price) × 100.
Q: How do I calculate the increase in price when the original price and percentage increase are given?
A: To calculate the increase in price when the original price and percentage increase are given, you can use the formula: Increase in price = Original price × Percentage increase.
Conclusion
In this article, we have answered some of the most frequently asked questions related to calculating percentage increase and decrease in price. We hope this article has provided you with a better understanding of how to calculate percentage increase and decrease in price and its applications in real-life scenarios.