If an item costs Rs.3 in 1999 and Rs.5 in 2000, what is the percentage…
2026
If an item costs Rs.3 in 1999 and Rs.5 in 2000, what is the percentage increase in its price?
- A.
200/3 %
- B.
200/6 %
- C.
100%
- D.
200%
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Correct answer: A
Concept: Percentage increase is calculated using the formula: % increase = [(New Value - Old Value) / Old Value] × 100.
Old price (1999) = Rs. 3; new price (2000) = Rs. 5.
Increase in price = 5 - 3 = Rs. 2.
Percentage increase = (2/3) × 100 = 200/3 %.
Cross-check: Increasing Rs. 3 by 200/3% gives 3 × (1 + 2/3) = 3 × 5/3 = Rs. 5, which matches the new price - confirming the 200/3% increase.