Question
The consumer price index in Bengaluru in 2010 relative to the year 2001 was 1.75, meaning that for every Indian rupee spent on consumer goods in 2001, Rs. 1.75 on average had to be spent in 2010. In Indian rupees, what was the increase in the price of Nick tennis shoes from 2001 to 2010, if these shoes' price increased precisely according to the consumer price index?
(1) The price of Brand Nick tennis shoes was Rs. 2001 in 2010.
(2) The ratio of the rupee increase in the price of Nick tennis shoes to the price of the shoes in 2010 was 3:7.
(1) The price of Brand Nick tennis shoes was Rs. 2001 in 2010.
(2) The ratio of the rupee increase in the price of Nick tennis shoes to the price of the shoes in 2010 was 3:7.
Answer: Option A
:
A
From statement 1, If we know the price in the year 2010, we can find the price in the base year and we can calculate the increase
However, the second statement does not give us any useful information other than the ratio which is already given in the question stem. Hence, the question can be answered by using the data in statement 1 alone.
Was this answer helpful ?
:
A
From statement 1, If we know the price in the year 2010, we can find the price in the base year and we can calculate the increase
However, the second statement does not give us any useful information other than the ratio which is already given in the question stem. Hence, the question can be answered by using the data in statement 1 alone.
Was this answer helpful ?
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