John used to buy petrol at the rate of Rs. 80 per litre till last month. Now he buys it at the rate of Rs. 85 per litre. By what percentage did the petrol price increase as compared to last month?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 6.25%
| Understanding | Application |
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Earlier rate of petrol = Rs. 80 Current rate of petrol = Rs. 85 |
Therefore, percentage increase in petrol price = {(85 - 80)/80} x 100 = 6.25 |