Question Details

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.

Options

A

50%

B

60%

C

70%

D

80%

Show Answer

Correct Answer :

Option D

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:

New Value-Old ValueOld Value×100

Step 1: Percentage increase for Raw Material

2019 value = 5000, 2020 value = 6000

6000-50005000×100=10005000×100=20%

Step 2: Percentage increase for Power and Fuel

2019 value = 10000, 2020 value = 12000

12000-1000010000×100=200010000×100=20%

Step 3: Percentage increase for Salary and Wages

2019 value = 8000, 2020 value = 12000

12000-80008000×100=40008000×100=50%

Step 4: Percentage increase for Advertising

2019 value = 10000, 2020 value = 20000

20000-1000010000×100=1000010000×100=100%

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)

Difference=100%-20%=80%

Therefore, the difference between the least and highest percentage increase is 80%.

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