Instructions

Following expenditure was incurred by a company under different heads:

Question 36

Which year saw the maximum % increase in salary over the previous year?

Solution

%age increase in salary in 2001 = $$\dfrac{11}{288}\times100=3.82\%$$

%age increase in salary in 2002 = No increase. There was a decrease in the salary.

%age increase in salary in 2003 = $$\dfrac{7}{298}\times100=2.35\%$$

%age increase in salary in 2004 = $$\dfrac{11}{305}\times100=3.61\%$$

Highest %age increase is in 2001.

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