In the year 2015 the price of Article A is 17

In the year 2015, the price of Article A is 17% more than the price of Article B. In the next year, the price of Article A is 30% more than the price of Article B. If from the year 2015 to 2016, the price of A has increased by 40%, then by what % , the price of B has increased ?

A. 18%

B. 22%

C. 26%

D. 28%

Answer: Option C

Solution (By Examveda Team)

Let price of B is RS 100
As per problem therefore price of A will be RS 117, now in 2016, price of A is increased by 40%
Therefore price of A will be RS 117+117x40/100
= RS. 163.80
Now as per condition A's price is 30% more than B's price
Therefore price of B = 163.8/1.30
= Rs 126
i.e 26% increase in B's price

Though ULIPs (Unit Linked Insurance Plan) are considered to be a better investment vehicle it has failed to capture the imagination of the retail investors in India because of which of the following reasons?

A. Regulatory jurisdictional fight between SEBI and IRDA

B. They don’t offer better tax benefits

C. They offer lesser returns compared to traditional insurance policies

D. All of the above

View Answer

In the year 2015, the price of Article A is 17% more than the price of Article B. In the next year, the price of Article A is 30% more than the price of Article B. If from the year 2015 to 2016, the price of A has increased by 40%, then by what % , the price of B has increased ?

Solution (By Examveda Team)

Join The Discussion

Read More: MCQ Type Questions and Answers