Last year, oranges were available at Rs. 24 per dozen; but this year, they are available at Rs. 50 per score. Find the percentage change in the price of oranges. (1score=20 ) ....
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formula to calculate percentage change is
x+y+(x)(y)/100
24+50(24)(50)/100
74+12
86
Percentage change is 86
x+y+(x)(y)/100
24+50(24)(50)/100
74+12
86
Percentage change is 86
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In last year,
Cost of 1doze = 12orange = Rs24
=> Cost of 1 orange = 12/24 =Rs2
In this year,
Cost of 1score = 20oranges = Rs50
=> Cost of 1 orange = 20/50 = Rs2.5
Hence, increase in price % = 2/2.5−2 × 100 = 25 %
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