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If 'basis points' are defined so that 1 percent is equal to 100 basis points, then by how many basis points is 82.5 percent greater than 62.5 percent.
Answer & Solution
Correct Answer:
Option
D
Difference of %
= 82.5% - 62.5%
= 20%
Now, 1% = 100 points
So, 20% = 20 × 100 = 2000 points
= 82.5% - 62.5%
= 20%
Now, 1% = 100 points
So, 20% = 20 × 100 = 2000 points
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