Question 58

Study the following graph and answer question that follows.

The expenditure of the company in 2016 is what percentage more then the average revenue (per year) in 2014, 2015 and 2018 (correct to the nearest integer)?

Solution

Expenditure of the company in 2016 = 320

Average revenue in 2014,2015 and 2018

$$\therefore\frac{\left(revenue\ in\ 2014+revenue\ in\ 2015+revenue\ in\ 2018\right)}{3}$$

$$\therefore\frac{\left(260+300+375\right)}{3}$$

= 311.67

Required percentage = $$\frac{\left(320-311.67\right)}{311.67}$$

$$=2.67\simeq\ 3\%$$

Hence, option A is correct

Create a FREE account and get: