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Q: For vehicles of type B, the percentage decrease in the production from 2006 to 2007 is equal to percentage increase in the price during the same period. If the price of each vehicle of type B in 2006 was Rs. 2 lakh, then its price in 2007 is?
A. Rs. 2.33 lakh B. Rs. 6 lakh
C. Rs. 2.99 lakh D. Rs. 1.33 lakh
E. Rs. 2.66 lakh

Answer and Explanation

Answer:Rs. 2.66 lakh

Explanation:
Percentage decrease in production of vehicles of type B from 2006
=> To 2007 = 25/75 x 100 = 33.33%
=> Price of vehicle B in 2007
=> 2 x 1.33 = 2 x 4/3 = 2.66 lakh

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