The wholesale price index of sugar in 2015 compared to 2012 is 150. If the cost of sugar was ₹25 per kg in 2012, then cost of 1 kg of sugar in 2015, is :
Answer & explanation
Correct answer: option 1
Let cost of sugar be ₹x per kg in 2015
Then it is given by $150=\frac{x}{25}×100⇒x=\frac{150}{4}$
x = 37.5. Hence price of sugar in 2015.