Question
Download Solution PDFStudy the given graph and answer the question that follows.
In which year was the percentage increase in the revenue as compared to that in its preceding year below 6%?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFFormula 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%
∴ In 2017 the percentage increase in the revenue as compared to its preceding year is below 6%.
Last updated on May 28, 2025
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