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Instructions

Answer the questions based on the following information. In the following chart, the price of logs shown is per cubic metre that of plywood and saw timber is per tonne.

Question 24

Which product shows the maximum percentage increase in price over the period?

Solution

The percentage increase in price of logs over the period of time equals 20/15-1 = 33.33%
The percentage increase in price of plywood over the period of time equals 7/3 - 1 = 133.33%
The percentage increase in price of sawtimber over the period of time equals 200/100 - 1 = 100%

Hence, the maximum percentage increase in price over the period of time happened with plywood.

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