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The price of silk was ₹4000 per meter. Due to a lack of supply, the price went up by 6%. Find the new price of silk per meter.

A) ₹4240
B) ₹4248
C) ₹4245.60
D) ₹4006

Answer :

Final answer:

The new price of silk per meter after a 6% increase due to supply issues is calculated by finding 6% of the original price (₹4000) and adding that to the original price. The new price is ₹4240.

Explanation:

The subject of this question is mathematics and it relates to the concept of percentage increase. The initial price of silk was ₹4000 per meter and due to a lack of supply, the price increased by 6%. To find the new price, you would calculate the 6% of the original price and then add that to the original price.

First, calculate the 6% of ₹4000: (4000*6)/100 = ₹240. This value is the amount by which the price of silk has increased.

Next, add this increase to the original price to find the new price: 4000 + 240 = ₹4240. So, the new price of silk per meter after a 6% increase due to lack of supply is ₹4240. Therefore, the correct answer is A) ₹4240.

Learn more about Percentage Increase here:

https://brainly.com/question/20818421

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