3 years ago in Percentage

The rate of increase of the price of sugar is observed to be two percent more than the inflation rate expressed in percentage. The price of sugar, on January 1, 1994 is Rs. 20 per kg. The inflation rates of the years 1994 and 1995 are expected to be 8% each. The expected price of sugar on January 1, 1996 would be

[A] Rs. 23.60
[B] Rs. 24
[C] Rs. 24.20
[D] Rs. 24.60
[E] None of these
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Nguyễn Trường
Nguyễn Trường - 6 months ago

Nguyễn Trường from Ho Chi Minh City, Vietnam is saying Rs. 24 is correct answer

Dinesh Garg
Dinesh Garg - 2 years ago

Dinesh Garg from Jind, India is saying Rs. 24.20 is correct answer

Chhavi Jain
Chhavi Jain - 2 years ago

Chhavi Jain from Jaipur, India is saying Rs. 23.60 is correct answer

Rahul Jha
Rahul Jha - 3 years ago

Rahul Jha is saying Rs. 23.60 is correct answer

Francis Rai
Francis Rai - 3 years ago

Francis Rai from Assam, India is saying Rs. 24 is correct answer

Related Questions

A fruit seller had some apples. He sells 40% apples and still has 420 apples. Originally, he had:

  • [A] 588 apples
  • [B] 600 apples
  • [C] 672 apples
  • [D] 700 apples
  • [E] None of these