Ten years back the price of wheat was 12 per kg. The price of wheat today is 36 per kg. Find the percentage increase in the price of the wheat.
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Explanation:
Price of rice before =Rs.10
Price of rice now =Rs.12.50
Increase in price =current price - original price=Rs.12.50−Rs.10=Rs.2.50
Therefore, percentage increase in price =
Original price
increase in price
×100%
=
10
2.50
×100%
=
10
250
%
=25%
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