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If the prize of an item is increased to Rs. 90 from Rs. 60, the % increase is
1. 50%
2. 33.33%
3. 30%
4. 10%

1 Answer

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Best answer
Correct Answer - Option 1 : 50%

Concept:

\( Increase=\frac{New\ price-Old\ price}{Old\ price}\times100\)

Calculation:

Given:

New price = 90 Rs, Old price = 60 Rs

\( Increase=\frac{90-60}{60}\times100=\frac{1}{2}\times100=50\)

Hence price will increase by 50%

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