Question 66

The following table presents the number of units of a product produced and sold by a company during six years.

The number of units of the product sold in 2016 is approximately what percent more than the average production of the units in 2012 to 2016?

Solution

The number of units of the product sold in 2016 = 470

average production of the units in 2012 to 2016 = $$\frac{320+338+432+256+504}{5}$$

= $$\frac{1850}{5}$$

= 370

Percentage more = $$\frac{\left(470-370\right)}{370}\times\ 100$$

= $$\frac{100}{370}\times\ 100$$

= 27.027%

= 27% approx.

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