While preparing Comparative Statements. What will be the percentage increase or decrease in revenue from operations if the amount in the year 2021-22 was ₹40,00,000 and the was 50,00,000 in year 2020-21?

20% Decrease

The correct answer is Option (2) → 20% Decrease

Percentage Change = (New Value - Old Value/ Old Value) × 100
Percentage Change = (Change in value/ Old Value) × 100

Percentage Change = (50,00,000 - 40,00,000/ 50,00,000) × 100
                             = 1000000/5000000 x 100
                             = 20% decrease