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The price of 1 kg of carrot on Monday is ₹40. If it is increased by 5% and 3% on the next two consecutive days, then what is its price (in ₹) on Wedne
Question

The price of 1 kg of carrot on Monday is ₹40. If it is increased by 5% and 3% on the next two consecutive days, then what is its price (in ₹) on Wednesday?

A.

43.26

B.

46.32

C.

49.25

D.

36.43

Correct option is A

Given
Initial price on Monday = ₹40
Increase on Tuesday = 5%
Increase on Wednesday = 3%
Formula Used
Final Value = Initial Value × (1+r1100)×(1+r2100)(1 + \frac{r_1}{100}) × (1 + \frac{r_2}{100})​​
Solution
Price on Tuesday after 5% increase:
Price = 40×(1+5100)=40×1.05=4240 × (1 + \frac{5}{100}) = 40 × 1.05 = 42​​
Price on Wednesday after another 3% increase on Tuesday's price:
Price =  42×(1+3100)=42×1.03=43.2642 × (1 + \frac{3}{100}) = 42 × 1.03 = 43.26​​
Final Answer
So the correct answer is (a)

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