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Suppose oil prices increased from Rs. 99 per litre to Rs.132 per litre. The increase percentage of oil prices is:
Question

Suppose oil prices increased from Rs. 99 per litre to Rs.132 per litre. The increase percentage of oil prices is:

A.

33.33%

B.

34 %

C.

32 %

D.

32.5%

Correct option is A

Given:
The initial price of petrol = Rs. 99 per litre
New price of petrol = Rs. 132 per litre
Formula Used:
Percentage Change=(New ValueInitial ValueInitial Value)×100\text{Percentage Change} = \left( \frac{\text{New Value} - \text{Initial Value}}{\text{Initial Value}} \right) \times 100​​
Solution:
Percentage increase = (1329999)×100=(3399)×100=33.33%\left( \frac{132 - 99}{99} \right) \times 100 = \left( \frac{33}{99} \right) \times 100 = 33.33\%

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