Question
Download Solution PDFThe price of petrol rises from Rs. 80 to Rs.100. What is the percentage increase in price?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Old price of Petrol = Rs 80
New price of petrol = Rs 100
Formula Used:
Percentage increase in price = (Difference/Old price) × 100
Calculation:
Difference = New price - Old price
Difference = 100 - 80 = 20
Percentage increase in price = (20/80) × 100
⇒ Percentage increase in price = 0.25 × 100
⇒ Percentage increase in price = 25%
∴ The correct answer is Option 2).
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