Correct option is C
Given:
Original price of fuel = Rs. 100 (Assumed for calculation)
First month: Decrease by 15%
Second month: Decrease by 40%
Third month: Decrease by 60%
Fourth month: Increase by 45%
Formula Used:
Solution:
Price after 15% decrease = 100 × (1 - 0.15) = 100 × 0.85 = 85
Price after 40% decrease = 85 × (1 - 0.40) = 85 × 0.60 = 51
Price after 60% decrease = 51 × (1 - 0.60) = 51 × 0.40 = 20.4
Price after 45% increase =20.4 × (1 + 0.45) = 20.4 × 1.45 = 29.58
The price at the end of the fourth month is Rs. 29.58, compared to the original price of Rs. 100.
Percentage Change =