The following graph given the annual percent profit earned by a company during the period 1996-2001.
Study the graph carefully and answer the question that follow.
%$Profit=\frac{Income \, - \, Expenditure}{Expenditure}×100$
The period in which the profit of the company has increased fasted is :
Answer & explanation
Correct answer: option 1
Lets solve one by one for each option.
1. 1998 - 1999
Increase in profit = \(\frac{65-50 }{50}\) × 100 = 30%
2. 1997 - 1998
There is decrease in profit .
3. 2000 - 2001
There is decrease in profit .
4. 1996 - 1997
Increase in profit = \(\frac{55-45 }{45}\) × 100 = 22.22%
So , Percentage increase in profit is maximum in 1998 - 1999