Average cost of water inrease

This topic has expert replies
Legendary Member
Posts: 941
Joined: Sun Dec 27, 2009 12:28 am
Thanked: 20 times
Followed by:1 members

Average cost of water inrease

by bhumika.k.shah » Sun Jan 31, 2010 2:21 am
The total cost of water for one year in Community Z of 120,000 homes is $75,000. If the cost were to increase to $80,000 for the community, by approximately what percent would the average cost of water increase for each household in Community Z ?

A.70%
B.13%
C.7%
D.5%
E.1.3%

User avatar
Legendary Member
Posts: 1560
Joined: Tue Nov 17, 2009 2:38 am
Thanked: 137 times
Followed by:5 members

by thephoenix » Sun Jan 31, 2010 2:26 am
IMO C

avg cost old=75/120=5/8

abg cost new =80/120=2/3

%=[[2/3-5/8]/(5/8)]*100=20/3=6.6=approx 7

User avatar
Legendary Member
Posts: 1275
Joined: Thu Sep 21, 2006 11:13 pm
Location: Arabian Sea
Thanked: 125 times
Followed by:2 members

by ajith » Sun Jan 31, 2010 2:30 am
bhumika.k.shah wrote:The total cost of water for one year in Community Z of 120,000 homes is $75,000. If the cost were to increase to $80,000 for the community, by approximately what percent would the average cost of water increase for each household in Community Z ?

A.70%
B.13%
C.7%
D.5%
E.1.3%
the increase in total cost = 5000 $
% increase = 5000/75000*100 = 1/15*100 =6.67%

since this is distributed among same 120,000 families
% increase per family will also be 6.67%

C, I agree with Phoenix
Always borrow money from a pessimist, he doesn't expect to be paid back.