Question
Download Solution PDFDirections:
Study the following Line-chart and the data provided to answer the questions that follow:
Sales of 3-different companies A, B and C selling mobiles for the given year 2001, 2011, 2021 and 2031.(in thousands)
How much percentage of sale has been increased from 2011 to 2021 for the company A?(Up to two decimal)
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Sale of Company A in 2011 = 700 thousand
Sale of Company A in 2021 = 900 thousand
Formula Used:
Percentage Increase = [(New Value - Old Value) / Old Value] × 100
Calculations:
Increase in sale = Sale in 2021 - Sale in 2011
⇒ Increase in sale = 900 - 700 = 200 thousand
Percentage Increase = (200 / 700) × 100
⇒ Percentage Increase = 28.57%
∴ The percentage increase in sale for Company A from 2011 to 2021 is 28.57%.
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