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Question : If basis points are defined so that 1% is equal to 100 basis points, by how many basis points is 82.5% greater than 62.5%?

Option 1: 0.2

Option 2: 20

Option 3: 200

Option 4: 2000


Team Careers360 20th Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: 2000


Solution : 1% = 100 basis points
Difference in basis points = (82.5 – 62.5)% = 20%
Required basis points = 20 × 100 = 2000
Hence, the correct answer is 2000.

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