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:
Answer & explanation
Correct answer: option 4
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 .