A company’s shareholders fund was ₹8,00,000 in the year 2021. It becomes ₹10,00,000 in the year 2022. What is the percentage of change?
Answer & explanation
Correct answer: option 1
The correct answer is option 1- 25%.
% OF CHANGE = (CHANGE IN FIGURE/PREVIOUS YEAR FIGURE) x 100
Change = 10,00,000 - 8,00,000
= ₹2,00,000
% OF CHANGE = (2,00,000/8,00,000) x 100
= 1/4 x 100
= 25%