Select the correct answerThe cost of an apple is twice that of a banana and the cost of a banana is 25% less than that of a guava. If the cost of each type of fruit increases by 10%, then the percentage increases in cost of 4 bananas, 2 apples and 3 guavas is?Options12%10%16%18%
Question
Select the correct answerThe cost of an apple is twice that of a banana and the cost of a banana is 25% less than that of a guava. If the cost of each type of fruit increases by 10%, then the percentage increases in cost of 4 bananas, 2 apples and 3 guavas is?Options12%10%16%18%
Solution
Let's break down the problem step by step:
- Let's assume the cost of a guava is $1.00.
- According to the problem, a banana costs 25% less than a guava, so a banana costs $0.75.
- An apple costs twice as much as a banana, so an apple costs $1.50.
Now, let's calculate the total cost of 4 bananas, 2 apples, and 3 guavas:
- 4 bananas cost 4 * 3.00.
- 2 apples cost 2 * 3.00.
- 3 guavas cost 3 * 3.00.
So, the total cost of all the fruits is 3.00 (apples) + 9.00.
Now, let's calculate the new cost if each type of fruit increases by 10%:
- A banana now costs 0.825.
- An apple now costs 1.65.
- A guava now costs 1.10.
Let's calculate the new total cost of 4 bananas, 2 apples, and 3 guavas:
- 4 bananas now cost 4 * 3.30.
- 2 apples now cost 2 * 3.30.
- 3 guavas now cost 3 * 3.30.
So, the new total cost of all the fruits is 3.30 (apples) + 9.90.
The percentage increase in cost is calculated as follows:
( New cost - Old cost ) / Old cost * 100%
So, the percentage increase in cost is:
( 9.00 ) / $9.00 * 100% = 10%
So, the correct answer is 10%.
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