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If “basis points” are defined so that 1 per cent is equal to 100 basis points, then by how many basis points is 82.5 per cent greater than 62.5 per cent ?
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- 0.2
- 20
- 200
- 2000
Correct Option: D
1% = 100 basis points
∴ 82.5% = 8250 basis points and 62.5% = 6250 basis points
∴ Required difference
= 8250 – 6250
= 2000 basis points
