Study the given table and answer the question that follows.
| Category | 2019 | 2020 |
|---|---|---|
| Raw Material | 5000 | 6000 |
| Power and Fuel | 10000 | 12000 |
| Salary and Wages | 8000 | 12000 |
| Advertising | 10000 | 20000 |
Find the difference between the least percentage increase and the highest percentage increase in the year 2019–2020.
Correct Answer :
80%
Solution :
The correct answer is Option 4: 80%.
We need to calculate the percentage increase for each category from 2019 to 2020, then find the difference between the least and the highest percentage increase.
The formula for percentage increase is:
Step 1: Percentage increase for Raw Material
2019 value = 5000, 2020 value = 6000
Step 2: Percentage increase for Power and Fuel
2019 value = 10000, 2020 value = 12000
Step 3: Percentage increase for Salary and Wages
2019 value = 8000, 2020 value = 12000
Step 4: Percentage increase for Advertising
2019 value = 10000, 2020 value = 20000
Step 5: Summary of percentage increases
Raw Material → 20%
Power and Fuel → 20%
Salary and Wages → 50%
Advertising → 100%
Step 6: Find the difference
Least percentage increase = 20% (Raw Material / Power and Fuel)
Highest percentage increase = 100% (Advertising)
Therefore, the difference between the least and highest percentage increase is 80%.
Access expert-curated educational resources and study materials—completely free.
Create, conduct, and manage professional online assessments with Mindyard. Perfect for teachers and institutes.
Copyright © 2026 Mindyard. All Rights Reserved.