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 :
Answer & explanation
Correct answer: option 1
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