Question
Download Solution PDFStudy 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 year 2019-2020.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
A table showing increase in price of different things.
Formula used:
Percentage increase = (price in 2020 - price in 2019) / price in 2019 × 100
Calculation:
Percentage increase for raw materials = (6000 - 5000) / 5000 × 100
⇒ 1000 / 5000 × 100
⇒ 20%
Percentage increase for power and fuel = (12000 - 10000) / 10000 × 100
⇒ 2000 / 10000 × 100
⇒ 20%
Percentage increase for salary and wages = (12000 - 8000) / 12000 × 100
⇒ 4000 / 12000 × 100
⇒ 33.33%
Percentage increase for advertising = (20000 - 10000) / 10000 × 100
⇒ 10000 / 10000 × 100
⇒ 100%
Difference in least percentage and highest percentage = 100 - 20
⇒ 80%
∴ The correct answer is 80%.
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