Study the graph below carefully and answer the question.
What is the percentage increase in the price of Diesel from April to July (rounded off to one digit after decimal)?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 88.8%.
Initial price (April) = 7150
Final price (July) = 13500
Increase in price = 13500 - 7150 = 6350
Percentage increase = (6350/7150) × 100 = 88.8% [approx]