The petrol prices shot up by 7% as a result of the hike in the price of crudes. The price of petrol before the hike was per liter. Vawal travels km every month and his car gives a mileage of 18 km to a liter. Find the increase in the expenditure that Vawal has to incur due to the increase in the price of petrol (to the nearest rupee) ?

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Rs270

Rs262

Rs276

Rs272

answer is B.

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Detailed Solution

Concept- Here, we merely locate the necessary information provided in the problem to calculate the necessary number. We can determine how much oil will be consumed in a month by dividing the entire consumption by the average mileage of the car, which in this case is 2400 kilometers per month and 18 kilometers per liter. In addition,
Vawal travels in a month

Average of his car

liter
Petrol consumption

Total cost of petrol

Increase after hike

Hence, the correct answer is option 2) Rs262

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