Question : The price of 1 kg of rice is increased by 50 percent and the old price of rice is Rs. 60. What is the new price of rice per kg?
Option 1: Rs. 90
Option 2: Rs. 80
Option 3: Rs. 60
Option 4: Rs. 72
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Correct Answer: Rs. 90
Solution : According to the question In this case, the old price of rice is Rs. 60, and the percentage increase is 50%. ⇒ New price = Old price + 50% of old price = 60 + (60 × 0.50) = 60 + 30 = 90 Hence, the correct answer is Rs. 90.
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