1 votes 1 votes 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? $666$ $660$ $720$ $726$ Quantitative Aptitude cat1995 quantitative-aptitude percentage + – makhdoom ghaya asked Aug 30, 2017 makhdoom ghaya 8.1k points 3.1k views answer comment Share See all 0 reply Please log in or register to add a comment.
Best answer 2 votes 2 votes 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. Shubham Sharma 2 answered Sep 9, 2017 • selected Sep 14, 2017 by Arjun Shubham Sharma 2 3.0k points comment Share See all 0 reply Please log in or register to add a comment.