The following bar graph shows the percentage increase in the price of crude oil on different days of a given week compared to its price on the previous day.
If the price of crude oil at the end of Friday was ₹44,800 per barrel, then what was the price (per barrel) of crude oil at the end of Thursday?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e ₹40,000
Given :
Price of crude oil on Friday = ₹44,800
Explanation:
Let the price of crude oil on thursday be X.
Now, from the given graph,
Increase in the price of crude oil on friday is 12%.
According to the question, X × (112/100) = 44,800
⇒ X = 44,800 × (100/112)
⇒ X = 400 × 100
⇒ X = 40,000
Hence the price of crude oil on Thursday was ₹40,000.