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What is the approximate percentage difference in average price of petrol in 2004 and 2014?
Answer & Solution
Correct Answer:
Option
C
Price of petrol in 2004 = 36.49
Price of petrol in 2014 = 73.70
Average Difference
= $$\frac{\text{Difference between 2004-2014}}{\text{Price of petrol in 2004}}$$ × 100
= $$\frac{37.31}{36.49}$$ × 100
= 102%
Price of petrol in 2014 = 73.70
Average Difference
= $$\frac{\text{Difference between 2004-2014}}{\text{Price of petrol in 2004}}$$ × 100
= $$\frac{37.31}{36.49}$$ × 100
= 102%
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