Question

If the price of milk increases from Rs. 24 per litre to Rs. 32.40 per litre, then the percentage increase in the price is equal to

• A. 15%
• B. 25%
• C. 35%
• D. 45%

Answer 1

The correct option is C

35%

Given, original price = Rs. 24 and increased price = Rs. 32.40
Net increase in price = Rs. 32.40 - Rs. 24 = Rs. 8.40
Percentage increase =$\frac{Netincrease}{OriginalCost}\times 100$
$=\frac{Rs.32.40-Rs.24}{Rs.24}\times 100$
$=35\%$