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The index number for the price of a good in 2002 was 142 and in 2003, it was 148.5, ona base year of 1994. What is the percent increase in price of gasoline from 2002 to 2003

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Question:

The index number for the price of a good in 2002 was 142 and in 2003, it was 148.5, ona base year of 1994. What is the percent increase in price of gasoline from 2002 to 2003

A.

4.377%

B.

4.577%

C.

95.62%

D.

6.5%

Answer» b. 4.577%

Note: The above multiple-choice question is for all general and Competitive Exams in India.