The following table shows the Income (in ₹ lakh) and percentage (%) profit of…
2023
The following table shows the Income (in ₹ lakh) and percentage (%) profit of a company over the six years from 2017 to 2022. Based on the data in the table:
Year-wise Income and Profit of a Company
Year | Income (in ₹ lakh) | Profit (%) |
|---|---|---|
2017 | 120 | 7.5 |
2018 | 160 | 15 |
2019 | 130 | 22.5 |
2020 | 170 | 17.5 |
2021 | 190 | 20 |
2022 | 150 | 27.5 |
The positive increase in percent profit in comparison to the previous year was minimum in the year
Answer: C. 2021 — CONCEPTA year-on-year change in a percentage is measured in percentage points: change = current-year percentage − previous-year percentage. When the question…
- A.
2018
- B.
2020
- C.
2021
- D.
2022
Show answer & explanation
Correct answer: C
CONCEPT
A year-on-year change in a percentage is measured in percentage points: change = current-year percentage − previous-year percentage.
When the question asks for a positive increase, keep only changes greater than zero.
APPLICATION
2018: 15 − 7.5 = +7.5 percentage points.
2019: 22.5 − 15 = +7.5 percentage points.
2020: 17.5 − 22.5 = −5 percentage points.
2021: 20 − 17.5 = +2.5 percentage points.
2022: 27.5 − 20 = +7.5 percentage points.
CROSS-CHECK
Year | Positive change (percentage points) |
|---|---|
2018 | +7.5 |
2019 | +7.5 |
2021 | +2.5 |
2022 | +7.5 |
The minimum positive change is +2.5 percentage points, occurring in 2021.
Result: 2021.