The price of petrol shot up by 5% before the hike, the price was Rs.82 per litre. A man travels 3045 km every month and his car gives a mileage of 15 km per litre. What is the increase in the monthly expenditure (to the nearest Rs) on the man's travel due to the hike in the petrol prices?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 832.
The price of petrol before the hike = Rs. 82/litre
Hike in petrol price = 5%
Total distance covered by the man every month = 3045 km
The mileage of his car is 15 km/litre
Total petrol required every month = 3045/15 = 203 litres
The petrol price hike = 82 x (5/100) = Rs. 4.1
Increase in monthly expenditure = 203 × 4.1 = Rs. 832.30 ≈ Rs. 832
The increase in the monthly expenditure is Rs.832