Question Details

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, answer the questions that follow.

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

Options

A

2018

B

2020

C

2021

D

2022

Show Answer

Correct Answer :

Option C

2021

Solution :

The correct option is 2021.

Let's find the positive increase in the profit percentage (%) in comparison to its previous year for each of the given years. The table provides the Profit (%) for each year as follows:
- 2017: 7.5%
- 2018: 15%
- 2019: 22.5%
- 2020: 17.5%
- 2021: 20%
- 2022: 27.5%

Now, let's calculate the changes in profit percentage compared to the previous year:
1. For the year 2018 (compared to 2017):
Increase in profit % = 15 - 7.5 = 7.5% (This is a positive increase)
2. For the year 2019 (compared to 2018):
Increase in profit % = 22.5 - 15 = 7.5% (This is a positive increase)
3. For the year 2020 (compared to 2019):
Change in profit % = 17.5 - 22.5 = -5% (This is a decrease, not a positive increase)
4. For the year 2021 (compared to 2020):
Increase in profit % = 20 - 17.5 = 2.5% (This is a positive increase)
5. For the year 2022 (compared to 2021):
Increase in profit % = 27.5 - 20 = 7.5% (This is a positive increase)

Comparing the positive increases for the years 2018, 2019, 2021, and 2022:
- 2018: 7.5%
- 2019: 7.5%
- 2021: 2.5%
- 2022: 7.5%
The minimum positive increase in percent profit in comparison to the previous year is 2.5%, which occurred in the year 2021.

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