The product that was sold for Rs. 150 last year is now Rs. 200. It has increased by Rs.50.
Can we say it this way?
It's possible, but what's the context?
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kumenglishTheproduct that was sold forhalwa that only cost Rs. 150 last year is now Rs. 200. It has increased by Rs.50.
"Product" is too formal to use with family members.