Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Analysis of Financial Statements

Question:

Read the following data given in the books of ABC Ltd and answer the question given below.

Particulars 2022 2021
Revenue from operations ₹15,00,000 ₹12,00,000
Other Income ₹30,000 ₹20,000
Cost of Materials Consumed ₹7,00,000 ₹5,50,000

What is the % change in revenue from operations?

Options:

20%

25%

30%

50%

Correct Answer:

25%

Explanation:

The correct answer is option 2- 25%

Increase = Revenue from operations in 2022 - Revenue from operations in 2021
Increase = 15,00,000-12,00,000
               = ₹3,00,000

% change = Change/Revenue from operations in 2021 X 100
                 = 3,00,000/12,00,000 x 100
                 = 25%