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03 Oct 2018, 18:21
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Last year the price of Rice was $40 per kg and the price of Wheat was$25 per kg. This year the price of Rice is $41 per kg and the price of Wheat is$28.50 per kg. The percent increase in the price of Wheat was how many percentage greater than the percent increase in the value of Rice?

A] 2.5
B] 6.25
c] 10.32
D] 11.5
E] 12.55
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Re: Last year the price of Rice was $40 per kg and the price of Wheat was [#permalink] Show Tags 04 Oct 2018, 10:08 reynaldreni wrote: Last year the price of Rice was$40 per kg and the price of Wheat was $25 per kg. This year the price of Rice is$41 per kg and the price of Wheat is $28.50 per kg. The percent increase in the price of Wheat was how many percentage greater than the percent increase in the value of Rice? A] 2.5 B] 6.25 c] 10.32 D] 11.5 E] 12.55 We are given price of Wheat last year = 25 and price of wheat this year = 28.50 Percentage increase in wheat = $$\frac{new-old}{old} *100$$ = $$\frac{28.50 - 25}{25}$$ = $$\frac{3.5}{25}$$= $$\frac{14}{100} * 100$$ = 14% We are given price of rice last year = 40 and price of rice this year = 41. $$\frac{41-40}{40}$$= $$\frac{1}{40} * 100$$ = $$\frac{10}{4}$$ = 2.5% 14% - 2.5% = 11.5% Answer choice D Re: Last year the price of Rice was$40 per kg and the price of Wheat was &nbs [#permalink] 04 Oct 2018, 10:08
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