Question

If the price of milk increases from ₹ 24 per litre to ₹ 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 = ₹ 24

Increased price = ₹ 32.40

Net increase in price = ₹ 32.40 - ₹ 24 = ₹ 8.40

Percentage increase =$\frac{\text{Net increase}}{\text{Original price}}\times$100 %

= $\frac{32.40-24}{24}\times 100$

= $\frac{8.40}{24}\times 100$

= 35 %