The cost of 1 litre of oil was ₹80 in the last year .This year the cost incresed to ₹120 per litre .What is the percentage change in its price
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FORMULA USED :- CHANGE IN ORIGINAL VALUE × 100
ORIGINAL VALUE
EXPLANATION :-
120 rs - 80 rs × 100
80
(40 ÷ 80) ×100≈ 50%
Percentage change in price of 1 litre oil is 50%
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