Question of The Day10-08-2020

The following line chart given below shows the profit (in crores) of a company in different years. Observe the chart and answer the question based on it.

Data Interpretation

Which year is best in terms of increase in profit percentage with respect to its previous year?

Answer

Correct Answer : c ) 2002 – 03

Explanation :

Percentage increase will not occur for the year 2003 – 04.

Thus,

Percentage increase for the year 2001 – 02

\(= \dfrac{70-50 } {50}×100=40\)%

Percentage increase for the year 2002 – 03

\(= \dfrac{100-70 } {70}×100=57\dfrac{1}{7}\)%

Percentage increase for the year 2004 – 05

\(= \dfrac{90-80 } {80}×100=12\dfrac{1}{2}\)%

Percentage increase for the year 2005 – 06

\(= \dfrac{140-90 } {90}×100=55\dfrac{5}{9}\)%

Thus, maximum increase in profit occurred in the year 2002 – 03

Hence, (c) is the correct answer.

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