RRB NTPC · Question 97
Read the following information carefully and answer the questions given below it: Raw Cotton Procurement prices of a Spinning Mill.
| YEAR | Price (Rs. per Quintal) |
|---|---|
| 1999-2000 | 105 |
| 2000-2001 | 110 |
| 2001-2002 | 112 |
| 2002-2003 | 115 |
| 2003-2004 | 117 |
| 2004-2005 | 130 |
| 2005-2006 | 141 |
| 2006-2007 | 151 |
What is the average yearly increase in raw cotton procurement prices for the spinning Mill from 1999 to 2007?
Show answer & explanation
Answer: (D) 6.57
Explanation
From 1999–2000 to 2006–07 there are 7 yearly increases. The total increase = 151 − 105 = 46, so the average = 46/7 ≈ 6.57 per year.