The following table presents the number of units of a product produced and sold by a company during six years.
|
Years |
No. of units (in thousands) |
|
|
Produced |
Sold |
|
|
2012 |
320 |
220 |
|
2013 |
338 |
328 |
|
2014 |
432 |
380 |
|
2015 |
256 |
242 |
|
2016 |
504 |
470 |
|
2017 |
680 |
630 |
The number of units of the product sold in 2016 is approximately what percent more than the average production of the units in 2012 to 2016?
Answer & explanation
Correct answer: option 4
Number of product sold in 2016 = 470
Average number of units produced in 2012 to 2016
= \(\frac{320+338+432+256+504 }{5}\)
= \(\frac{ 1850 }{5}\)
= 370
Required percentage = \(\frac{470 - 370 }{370}\) × 100
= \(\frac{100 }{370}\) × 100
= 27.02%
= 27% ( Approx )