Question

If the price of rice increases from 100 to 150 per kg, find the percentage increase in price?

• A. 15%
• B. 25%
• C. 50%
• D. 75%

Answer 1

The correct option is C 50%

Initial price of rice = $100Priceofriceafter1year=$ 150

So, the increment has happened by = 150-100= $50

∴ Percent increase = (150 - 100)/100 % = 50 %

So, price of rice increased by 50% over 1 year.