The wholesale price index of sugar in 2014 compared to 2011 is 150. If the cost of sugar was ₹20 per kg in 2011, then the cost of sugar in 2014 is : |
₹30 per kg ₹25 per kg ₹50 per kg ₹15 per kg |
₹30 per kg |
The correct answer is Option (1) → ₹30 per kg The price increase can be calculated, Price in 2014 = Price in 2011 × $\frac{WPI}{100}$ $=20×\frac{150}{100}=20×1.5$ = ₹30 per kg |