Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Percentages

Question:

The price of petrol increases by 6% every year. If the current price is ₹ 110 per litre. Then what will be price of one litre petrol after 2 years?

Options:

₹ 125.62

₹ 120.66

₹ 123.60

₹ 126.68

Correct Answer:

₹ 123.60

Explanation:

Price of petrol = 110

Increase = 6%

6% = 3/50

So, SP after two years will be = 110 × 53/50 × 53/50 = ₹ 123.60