Last year, oranges were available at Rs. 24 per dozen ; but this year, they are available at Rs. 50 per score. Find the percentage change in the price of oranges [1 score =20].
A
15%
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B
25%
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C
50%
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D
75%
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Solution
The correct option is B25% Given that last year oranges were available at Rs.24 per dozen.
Therefore, price of one orange is p1=2412=Rs.2
Given that this year oranges were available at Rs.50 per score.
Therefore, price of one orange is p2=5020=Rs.2.50
we know that percentage change is given by p2−p1p1×100
Therefore, the percentage change in price of oranges is 2.5−22×100=25%