Given bar graph shows, total expenditure and the gross receipts of a company(in ₹ crores). Study the graph and answer the question that follows.
What is the percentage increase in the gross receipts in 1996-97 as compared to 1994-95?
Answer & explanation
Correct answer: option 4
Gross receipt in 1994 - 95 = 5000
Gross receipt in 1996 - 97 = 7200
Percentage increase in the gross receipts in 1996-97 as compared to 1994-95
= \(\frac{7200-5000 }{5000 }\) × 100
= \(\frac{2200 }{5000 }\) × 100
= 44%