You need to update version code in app/build.gradle file. You need to simply increase versionCode and versionName from previous details.
If it says versioCode 1 is already been used, change it to 2 in defaultConfig.
defaultConfig {
applicationId "com.austroapp"
minSdkVersion rootProject.ext.minSdkVersion
targetSdkVersion rootProject.ext.targetSdkVersion
versionCode 2
versionName "2.0"
}
Almost everyone new to app development faces this issue and this is part of learning Mobile application.