The price of petrol shot up by 5%. Before the hike, die price was ₹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 ₹) on the means travel due to the hike in the petrol prices?
Answer & explanation
Correct answer: option 1
Total petrol required every month = \(\frac{3045}{15}\) = 203 litres
The petrol price hike = 82 × \(\frac{5}{100}\) = Rs. 4.1
Increase in monthly expenditure = 203 × 4.1 = Rs. 832.30
= Rs. 832 (to the nearest Rs.)