Ritesh and Co. generated revenue of Rs. 1,500 in 2006. This was 12.5% of its gross revenue. In 2007, the gross revenue grew by Rs. 2,500. What is the percentage increase in the revenue in 2007?	Choose the correct choice from the following choices
A) 12.5% B) 20.83% C) 25% D) 50% E) None of these
Explanation :   Given, Ritesh and Co. generated revenue of Rs. 1,500 in 2006 and that this was 12.5% of the gross revenue.   Hence, if 1250 is 12.5% of the revenue, then 100% (gross revenue) is:   =&gt;(100/12.5)×1500.   =&gt;12,000.   Hence, the total revenue by end of 2007 is Rs. 12,000. In 2006, revenue grew by Rs. 2500. This is a growth of:   =&gt;(2500/12000)×100.   =&gt;20.83%.   Answer : 20.83%
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Ritesh and Co. generated revenue of Rs. 1,500 in 2006. This was 12.5% of its gross revenue. In 2007, the gross revenue grew by Rs. 2,500. What is the percentage increase in the revenue in 2007?