IIFT 2017 Question Paper Question 100


Table as under provides the monthly prices in US Dollars Per Tonne of Barley, Wheat, Maize and Sorghum for the period July2016 to June 2017. Attempt the questions given as under in the context of information provided.

Question 100

In which of the following month, Wheat has the third highest percentage growth in monthly prices?


The Prices of wheat has increased only in 4 instances. 
January 17 - from Rs.123 to Rs. 137
% increase = 14/123
February 17 - from Rs.137 to Rs.147
% increase = 10/137
May 2017 - from Rs.138 to Rs.146
% increase = 8/138
June 17 -from Rs.146 to Rs. 157
% increase = 11/146

We can see that 8/138 is the smallest fraction and 10/137 is the second smallest fraction. Therefore, the third highest increase in monthly prices happened in February 17 and hence, option B is the right answer. 

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