in Quantitative Aptitude
1 vote
1 vote

Choose the correct option:

The rate of inflation was $1000$%. What will be the cost of an article, which costs $6$ units of currency now, two years from now?

  1. $666$
  2. $660$ 
  3. $720$ 
  4. $726$
in Quantitative Aptitude
7.9k points

1 Answer

2 votes
2 votes
Best answer

Let x be initial cost .

1000 % increase => x + (1000/100)x = 11x.

here, x=6. At the end of first year, cost=6*11=66.
Now this becomes the starting price for the next year. Hence at the end of 2nd yr, 66*11=726.

Option D is the Correct Answer.

selected by
2.7k points

Related questions

Quick search syntax
tags tag:apple
author user:martin
title title:apple
content content:apple
exclude -tag:apple
force match +apple
views views:100
score score:10
answers answers:2
is accepted isaccepted:true
is closed isclosed:true