BPSC 45th Exam Prelims 2003 Solved Paper

Question : 120 of 150

Marks: +1, -0

The price of a commodity is increased by 5% from 1995 to 1996, 8 % from 1996 to 1997 and 77% from 1997 to 1998. Then the average increment in price from 1995 to 1998 is –

Validate

Solution:

Average increment in price from 1995 to 1998

=\;{5 \%+8 \%+77 \%}/{3}

=\;{90 \%}/{3}

=30 \%

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