While preparing the Comparative Statement of Profit and Loss, the following information was available:
₹20,00,000 Revenue from Operations on 31.3.2020
₹14,00,000 Revenue from Operations on 31.2021
Find out the percentage change.
Answer & explanation
Correct answer: option 3
The correct answer is option 3- (30%) Negative.
₹20,00,000 Revenue from Operations on 31.3.2020
₹14,00,000 Revenue from Operations on 31.2021
Change = Revenue from Operations on 31.3.2020 - Revenue from Operations on 31.2021
= 20,00,000 - 14,00,000
= ₹6,00,000 (negative)
% change = 6,00,000/20,00,000 x 100
= 30%