A car owner buys petrol at Rs.7.50, Rs. 8 and Rs. 8.50 per litre for three successive years. What approximately is the average cost per litre of petrol if he spends Rs. 4000 each year?
A
Rs. 7.98
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B
Rs. 8
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C
Rs. 8.50
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D
Rs. 9
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Solution
The correct option is A Rs. 7.98 Total quantity of petrol consumed in 3 years = (4007.50+40008+40008.50) litres = 4000(215+18217) litres = (7670051) litres Total amount spent = Rs. (3 x 4000) = Rs. 12000. ∴ Average cost = Rs. (12000×5176700) = Rs. 6120767 = Rs. 7.98