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A factory’s yearly budget for the purchase of employees’ protection shoes increased by 60% this year over last year. If the price of the shoes increased by 20% this year, then the number of shoes it can purchase this year is what percent greater than the number of shoes it purchased last year ?
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- 40%
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33 1 % 3 - 42%
- 48%
Correct Option: B
Let 100 pairs of shoes be bought for Rs. 100.
New budget = Rs. 160
New price = Rs. 1.20 pair of shoes
∴ Number of shoes bough
| = | = | |||
| 1.2 | 12 |
| = | = 133 | |||
| 3 | 3 |
∴ Percentage increase
| = 33 | 3 |
