What is 11 percent of 240000? What is 240000 plus 11% and 240000 minus 11%?
11%
of
240000
=
26400
240000
+
11%
=
266400
240000
−
11%
=
213600
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Percent formula to figure out percentages:
240000 ⋅ 11 ÷ 100 = 26400.
So, we got a discount percentage of 26400. If the price was 240000 and a 11% (ie $26400) discount percentage was deducted from it, then we get the final price $213600. If we add the percentage received to the initial price, we get 266400 (240000+26400). New price is 266400, as the price has risen 11%.