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Percentage increase in cost of sugar is ...

Percentage increase in cost of sugar is `2% ` more than inflation percentage. On January 1, 2004 cost of sugar is Rs. 20 / kg. In each year i.e., 2004 and 2005 the inflation rate is assumed to be `8%` . Then find the assumed price of sugar on January 1, 2006

A

Rs. 23.60

B

Rs. 24.00

C

Rs. 24.20

D

Rs. 24.60

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The correct Answer is:
C
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ARIHANT SSC-PERCENTAGES-Exercise (Level - 1)
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