A company's shareholders fund was ₹8,00,000 in the year 2015 and it became ₹12,00,000 in the year 2016. What is percentage of change?
Answer & explanation
Correct answer: option 2
The correct answer is option 2- 50%.
Change in shareholders funds = Shareholders funds of 2016 - Shareholders funds of 2015
= 12,00,000 - 8,00,000
= 4,00,000
% of Change = Change in shareholders funds / Previous year shareholders funds x 100
= 4,00,000/8,00,000*100
= 50%