Question

If XPL sold 20,000 units in both 1998 and 1999, by what percentage has the price per unit changed?

• A. 8.7%
• B. 10.96%
• C. 9.86%
• D. Cannot be determined

Hint:

When comparing per-unit prices across years, ensure consistent quantity assumption.

Answer 1

The Correct Option is B

Price per unit = \(\frac{\text{Sales}}{\text{Quantity}}\). For 1998: price = \( \frac{1748.8}{20000} = 0.08744\) crore per unit.
For 1999: price = \( \frac{1940.6}{20000} = 0.09703\) crore per unit.
Increase % = \(\frac{0.09703 - 0.08744}{0.08744} \times 100 \approx 10.96%\). Thus, \(\boxed{10.96%}\) increase.