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The cost of an air cooler has increased from Rs.2250 to 2500. What is the percentage change?

Answer
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Hint: We are given the initial cost price and the final cost price of the air cooler. First, find the difference in the cost by subtracting the initial cost from the final cost. This will tell us the increase in the cost price. Now use the formula-
Percentage change=Increase in costInitial cost×100
Put the given values in the formula and solve to find the percentage change.

Complete step-by-step answer:
Given, the initial cost of the air cooler =Rs. 2250
The final cost of the air cooler =Rs. 2500
Now, we have to find the percentage change. For this we need to find the increase in the cost.
First, we will find the difference between the initial cost price and the final cost of the air cooler.
This difference tells us the increase in the cost of the air cooler.
So we can write-
Increase in the cost=Final cost-initial cost=25002250
On solving, we get-
Increase in the cost=Rs.250
Now to find the percentage change we will use the formula-
Percentage change=Increase in costInitial cost×100
On putting the given values in the formula, we get-
Percentage change=2502250×100
On simplifying, we get-
Percentage change=25225×10
On dividing numerator and denominator, we get-
Percentage change=545×100
On again dividing the numerator and denominator, we get-
Percentage change=19×100
On again dividing the numerator and denominator, we get-
Percentage change=1009=11.11%
Hence the correct answer is 11.11%

Note: Here you can also directly use the formula-
Percentage change=Final cost - Initial costInitial cost×100
On putting the given values, we get-
Percentage change=250022502250×100
On solving, we get-
Percentage change=2502250×100
On solving, we get-
Percentage change=545×100=19×100
On solving, we get-
Percentage change=11.11%
So we will get the same answer.
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