The price of diesel increases by 5 every year If the current price of diesel is Rs80 per litre then ...........

Quantitative Aptitude (MTS) Profit and loss

The price of diesel increases by 5% every year. If the current price of diesel is Rs80 per litre, then what will be the price of diesel

per litre after 2 years?

This questions was previously asked in

SSC MTS 6th July 2022 Shift-1

Rs86.8

Rs92.5

Rs90.5

Rs88.2

- Let's start by calculating the price of diesel after the first year.

- Current price is Rs80 per litre.

- With a 5% increase: Rs80 x 1.05 = Rs84 per litre.

- Now, calculate the price after the second year.

- New price is Rs84 per litre.

- Again, with a 5% increase: Rs84 x 1.05 = Rs88.2 per litre.

- Option 1: Rs86.8

- Incorrect, as calculations show Rs88.2.

- Option 2: Rs92.5

- Incorrect, the increase isn't high enough to reach this price.

- Option 3: Rs90.5

- Also incorrect according to our calculations.

- Option 4: Rs88.2

- This is the correct answer as verified by our calculations.

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