The following table embodies the details about the profits (in Rupees Lakhs)…
2024
The following table embodies the details about the profits (in Rupees Lakhs) earned by five Retail Stores A-E during the years 2018-2023. Based on the data in the table, answer the questions that follow.
Store-wise Details of Profit
Store | Profit (in ₹ Lakh) earned in the year 2018 | Profit (in ₹ Lakh) earned in the year 2019 | Profit (in ₹ Lakh) earned in the year 2020 | Profit (in ₹ Lakh) earned in the year 2021 | Profit (in ₹ Lakh) earned in the year 2022 | Profit (in ₹ Lakh) earned in the year 2023 |
A | 12 | 18 | 24 | 21 | 15 | 30 |
B | 9 | 15 | 18 | 12 | 21 | 24 |
C | 27 | 33 | 24 | 21 | 30 | 36 |
D | 15 | 12 | 18 | 9 | 21 | 9 |
E | 18 | 21 | 15 | 15 | 12 | 24 |
Note: Profit = Income – Investment
The profit earned by Store A in 2023 is approximately ___________ % more than that in 2019.
- A.
40
- B.
66.67
- C.
266
- D.
33.33
Show answer & explanation
Correct answer: B
First, identify the profit values for Store A from the table.
Profit in 2019 = ₹18 Lakhs
Profit in 2023 = ₹30 Lakhs
Calculate the difference in profit: 30 - 18 = ₹12 Lakhs.
Calculate the percentage increase relative to 2019: (12 / 18) × 100.
Result: 66.67%, which is approximately 67%.