1. A factory’s yearly budget for the purchase of employees protection shoes increased by 60% this year over last year. If the price of the shoes increased by 20% this year, then the number of shoes it can purchase this year is what percent greater than the number of shoes it purchased last year ?
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By: anil on 05 May 2019 02.27 am
Let 100 pairs of shoes be bought for Rs. 100 => New budget = $$100 imesfrac{160}{100}=Rs.$$ $$160$$ New price of 1 pair of shoes = $$1 imesfrac{120}{100}=Rs.$$ $$1.2$$ => Number of shoes bought = $$frac{160}{1.2}=133.33$$ $$ herefore$$ % increase = $$frac{(133.33-100)}{100} imes100=33.33=33frac{1}{3}\%$$ => Ans - (B)
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