Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Quantitative Reasoning

Topic

Data Interpretation & Stats

Question:

The following table shows the annual profit of a company (in ₹lakh).

 2014-2015 

 2015-2016 

 2016-2017 

 2017-2018 

 2018-2019 

625

690

725

775

815

The period which has the maximum percentage increase in profit over the previous year is:

Options:

2016-2017

2017-2018

2018-2019

2015-2016

Correct Answer:

2015-2016

Explanation:

Percentage increase in year 2015 - 16 = \(\frac{690 - 625 }{625}\) × 100 = 10.4%

Percentage increase in year 2016 - 17 = \(\frac{725 - 690 }{690}\) × 100 = 5.07%

Percentage increase in year 2017 - 18 = \(\frac{775 - 725 }{725}\) × 100= 6.89%

Percentage increase in year 2018 - 19 = \(\frac{815 - 775 }{775}\) × 100= 5.16%

So , Percentage Increase in profit is maximum in 2015 - 16 .