Study the given graph and answer the question that follows.
In which year was the percentage increase in the revenue as compared to that in its preceding year below 6% ?
Answer & explanation
Correct answer: option 4
Lets solve one by one for each option ,
1. 2015
Percentage increase in the revenue as compared to previous year
= \(\frac{350 - 320 }{320}\) × 100
= = \(\frac{30 }{320}\) × 100
= 9.375%
2. 2019
Percentage increase in the revenue as compared to previous year
= \(\frac{300 - 280 }{280}\) × 100
= \(\frac{20 }{280}\) × 100
= 7.14%
3. 2016
Percentage increase in the revenue as compared to previous year
= \(\frac{380 - 350 }{350}\) × 100
= \(\frac{30 }{350}\) × 100
= 8.57%
4. 2017
Percentage increase in the revenue as compared to previous year
= \(\frac{400- 380 }{380}\) × 100
= = \(\frac{20 }{380}\) × 100
= 5.26%
which is approximately equal to 6%
Ans :- 2017