If the WPI (base 2011-12) for March 2023 is 150, it means that wholesale prices have increased by ______ since base year. MCQ with Answer and Explanation

Question

If the WPI (base 2011-12) for March 2023 is 150, it means that wholesale prices have increased by ______ since base year.

A. 150%

B. 50%

C. 100%

D. 33.3%

Answer: Option B

Solution (By JKSSB Mock Tests)

Percentage increase = (150-100)/100 × 100 = 50%.

This question belongs to: Accountancy and Statistics Statistics

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