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The price of commodity X increases by 40 paise every year, while the price of commodity Y increases by 15 paise every year. If in 2001, the price of commodity X was Rs. 4.20 and that of Y was Rs. 6.30, in which year commodity X will cost 40 paise more than the commodity?

Correct Answer: 2011

Explanation:

Suppose commodity X wil cost 40 paise more than Y after Z  years. Then,


        (4.20 + 0.40Z) - (6.30 + 0.15Z) = 0.40


=>  0.25Z = 0.40 + 2.10  => Z= 2.50/0.25 = 10


Therefore, X will cost 40 paise more than Y 10  years after 2001 . i.e in 2011


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