Question

The rate of increase of the price of sugar is observed to be two percent more than the inflation rate expressed in percentage. The price of sugar, on January 1, 1994 is 20 per kg. The inflation rates of the year 1994 and 1995 are expected to be 8% each. The expected price of sugar on January 1, 1996 would be . a)$23.60 b)$24.00. c)$24.20. d)$24.60. dont spam wanna I report​

Answer 1

Answer:

Increase in the price of sugar = (8 + 2) = 10%

Hence, price of sugar on, Jan. 1, 1996

=20×110×110100×100=Rs.24.20..

Option c) is the correct answer..

Answer 2

Answer:

Increase in the price of sugar = (8 + 2) = 10%

Hence, price of sugar on, Jan. 1 , 1966

20×100×110/100×100

=Rs.24.20

Option C