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Given here is information on total sales amounting to ₹400 million, total expenditure of ₹ 360 million and equity for the four consecutive years from 2020 to 2023. Profit is the positive difference between sales and expenditure.
Based on the given information, answer the questions that follow.
First, let's create a table with the sales, expenditures, and profits values for each year.
The pie chart shows that 20% of the sales in 2020 were from the US, or 20% of 400 is 80 million.
Similarly, calculating for the other years and calculating, we get the following table:
In the year 2021, the % increase in sales is 16/80 * 100 = 20%; in 2022, it is 4/96 * 100 [less than 5%], whereas in the year 2023, the %change in sales is 24/100 * 100 = 24%
=> 2023 has the highest % increase in sales.
