Let page fault rate be 'p'
EMAT = p*(pfst) + (1 - p)*memory access time ......(1)
where pfst = page fault service time
Now let's calculate pfst,
pfst = 0.6 * 15 + 0.4 * 5 = 11 msec
$\therefore$ EMAT = p * 11 msec + (1 - p) * 1$\mu$sec
Now, convert every unit into $\mu$sec for simplicity
2 = 11000 p + (1 - p)*1
p = 0.0001 satisfies best from the given options, which is nothing but 0.01 %