Question
Download Solution PDFStudy the rates of petrol and diesel in New Delhi given in the following table -
| Oil | Rates of one litre in 2020 | Rates of one litre in 2021 |
| Diesel | Rs. 81.00 | Rs. 90.72 |
| Petrol | Rs. 92.00 | Rs. 102.12 |
In one year the increase in the rates of diesel and petrol respectively is -
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFConcept:
Percentage:
- A number or amount is defined as a part of a hundred.
Formula to calculate the rate of increase:
- Calculate the difference between the two values.
- Then divide the difference by the previous year.
- Multiply the value by 100.
- Percentage increase = (final-initial/initial) × 100
Explanation:
Increase in rate of diesel:
- (90.72 - 81) = 9.72
- (9.72/81) = 0.12
- (0.12 × 100) = 12%
Increase in rate of petrol:
- (102.12 - 92) = 10.12
- (10.12/92) = 0.11
- (0.11 × 100) = 11%
Thus, the increase in the rates of
- Diesel = 12%
- Petrol = 11%
Last updated on Apr 30, 2025
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