While analyzing the financial statements of the company, the Assets of the company showed an increase from ₹4,00,000 to ₹6,00,000. What is the percentage of change?
Answer & explanation
Correct answer: option 4
The correct answer is option 4- 50%.
₹2,00,000 is the change (6,00,000 - 4,00,000)
% of change = 2,00,000/4,00,000 X 100
= 50%