Iift 2017 Question 100
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IIFT
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.