Direction: Study the following table to answer these questions based on it
-
The percent increase in the gross profit was the largest in which year as compared to the previous one?
-
- 1991
- 1992
- 1993
- 1994
Correct Option: D
From above given table , we can see that
Percent increase in the gross profit:
From 1991 to 1992;
| Difference in gross profit in year 1991- 92 | x 100% | |
| total gross profit in year 1991 | ||
| = | 15.6 | x 100 = 11.6 % |
| 134.3 | ||
similarlly ,
From 1992 to 1993;
| 10.6 | x 100 = 7.07 % | |
| 149.9 | ||
From 1993 to 1994;
| 42.8 | x 100 = 26.67 % | |
| 160.5 | ||
Hence the percent increase in the gross profit will be the largest in year 1994 as compared to 1993 .
