The rate of onion increased from Rs. 70 per kilogram to Rs. 120 per ki

1.	The rate of onion increased from Rs. 70 per kilogram to Rs. 120 per kilogram within a month. By what percentage (approximate) did the rate of onion increase?1. 75.2%2. 65%3. 80%4. 71.5%
Answer» Correct Answer - Option 4 : 71.5% Given: The rate of onion increased from Rs. 70 per kilogram to Rs. 120 per kilogram Concept Used: Concept of percentage. It is calculated on the basis of 100. For example, x% means x out of 100 Calculation: Initial price Rs. 70 per kg Final price Rs. 120 per kg Price increased by (120 - 70) = Rs. 50 Price increased in percentage (50/70) × 100 ⇒ 71.42 ≈ 71.5% ∴ The rate of onion was increased by 71.5%

The rate of onion increased from Rs. 70 per kilogram to Rs. 120 per kilogram within a month. By what percentage (approximate) did the rate of onion increase?1. 75.2%2. 65%3. 80%4. 71.5%

Answer» Correct Answer - Option 4 : 71.5%

Given:

The rate of onion increased from Rs. 70 per kilogram to Rs. 120 per kilogram

Concept Used:

Concept of percentage. It is calculated on the basis of 100.

For example, x% means x out of 100

Calculation:

Initial price Rs. 70 per kg

Final price Rs. 120 per kg

Price increased by (120 - 70) = Rs. 50

Price increased in percentage (50/70) × 100

⇒ 71.42 ≈ 71.5%

∴ The rate of onion was increased by 71.5%