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These questions are based on the situation given below:
The figure below presents sales and net profit, in Rs. Crores, of IVP Ltd for the five years from 1994-95 to 1998-99. During this period, the sales increased from Rs.100 Crores to Rs. 680 Crores. Correspondingly, the net profit increased from Rs. 2.5 Crores to Rs. 12 Crores. Net profit is defined as the excess of sales over total costs.
The highest percentage of growth in sales, relative to the previous year, occurred in
Percentage growth in sales in the year 1995-96 is 250/100 - 1 = 150%
Percentage growth in sales in the year 1996-97 is 300/250 - 1 = 20%
Percentage growth in sales in the year 1997-98 is 290/300 - 1 = -3.33%
Percentage growth in sales in the year 1998-99 is 680/290 - 1 = 134%
Hence, the percentage growth in sales is maximum in the year 1995-96
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