Instructions
Study the following graph to answer the given question.
% Profit=$$\frac{Income - Expenditure}{Expenditure}\times100$$
Question 147
For Company Y, which year is the per cent of increase in per cent profit over that of previous year the highest ?
Solution
We can observe from the graph that the curve is steepest at 2001 - 02.
We can confirm the same by calculating the percent increase in profit for each year and comparing the answer. Time is of essence in bank exams.
The % increase in profit for 2001 -02 from the previous year = 100* (50 - 30)/30 = 66.67%
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