Study the given graph and answer the question that follows.

612db33eb1003b4d464abdf3 Shubham vaisnaw Rajiv 31 08 2021 1

In which year was the percentage increase in the revenue as compared to that in its preceding year below 6%?

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SSC CHSL 2020 Official Paper 1 (Held On: 12 April 2021 Shift 1)
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  1. 2019
  2. 2016
  3. 2015
  4. 2017

Answer (Detailed Solution Below)

Option 4 : 2017
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Detailed Solution

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Formula used:

Percentage Increase = [\(\dfrac{Final\; Value- Initial \;Value}{Initial \;Value}\)] × 100

Calculation: 

Increase percent in 2015 = (350 - 320)/ 320 × 100 = 30/320 × 100 = 9.37%

Increase percent in 2016 = (380 - 350)/ 350 × 100 = 30/350 × 100 = 8.57%

Increase percent in 2017 = (400 - 380)/ 380 × 100 = 20/380 × 100 = 5.26%

Decrease percent in 2018 = (400 - 280)/ 400 × 100 = 120/400 × 100 = 30%

Increase percent in 2019 = (300 - 280)/ 280 × 100 = 20/280 × 100 = 7.14%

F1 Rajiv SSC 16.6.22 G1

In 2017 the percentage increase in the revenue as compared to its preceding year is below 6%.

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