The cost of kerosene per liter increased from N60 to N85. What is the percentage rate of increase?
-
42%
- 41%
- 40%
- 25%
The correct answer is: A
Explanation
N85 - N60 = N25 increase
∴percentage increase = \(\frac{25}{60}\times \frac{100}{1}\) = \(\frac{125}{3}\) = 41.67%
= 42%
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