IIFT 2021 Slot 1 Question Paper (5th Dec)

Instructions

Refer to the following line charts and solve the questions based on them. The line charts given below give the expenditure and income of ABC Ltd. Which produces and sells only two variants of its rice - Basmati rice and Parmal rice.

Question 67

The percentage annual increase in the income of Basmati rice is highest inwhich of the following years?

Solution

Option A: For 2005 = $$\frac{660-560}{560}\times100=\frac{10000}{560}=17.85\%$$

Option B: For 2007 = $$\frac{660-460}{460}\times100=\frac{20000}{460}=43.47\%$$

Option C: For 2009 = $$\frac{760-560}{560}\times100=\frac{20000}{560}=35.71\%$$

Option D: For 2012 = $$\frac{660-560}{560}\times100=\frac{10000}{560}=17.85\%$$

Hence, the answer is option B.

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