Practicing Success
The following table shows the annual profit of a company (in ₹lakh).
The period which has the maximum percentage increase in profit over the previous year is: |
2016-2017 2017-2018 2018-2019 2015-2016 |
2015-2016 |
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 .
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