Question 28 of 45intermediate🔧 ApplyMCQ1 mark

The petrol price in 2015 was ₹60 and ₹100 in 2025. What is the percentage increase in the price of petrol? (i) 50% (ii) 40% (iii) 60%

Exercise: Figure it Out (Section 3) | Q: 5 | (Chapter: Page 19)
For More Understanding

Explanation

Percentage increase = (Increase/Original) × 100 = (40/60) × 100 = 66.67%. The chapter explains that percentage increase is calculated using the original value as the base.

Solution Steps

  1. Original price (2015) = ₹60

  2. New price (2025) = ₹100

  3. Increase = 100 - 60 = ₹40

  4. Percentage increase = (40/60) × 100 = 66.67%

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