a) Rs. 23.60
b) Rs. 24
c) Rs. 24.20
d) Rs. 24.60
Answer: c
Explanation: Increase in the price of sugar = (8 + 2) = 10%
Price of sugar on Jan. 1, 1996
$$\eqalign{
& = \frac{{20 \times 110 \times 110}}{{100 \times 100}} \cr
& = {\text{Rs}}{\text{.}}\,24.20 \cr} $$
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