Following expenditure was incurred by a company under different heads: Year Salary Cost of components Power Interest Taxes 2000 288 296 26.4 12.2 32.0 2001 299 332 28.4 14.2 34.6 2002 298 382 26.2…
Question and options
Following expenditure was incurred by a company under different heads:
Which year saw the maximum % increase in salary over the previous year?
| Year | Salary | Cost of components | Power | Interest | Taxes |
|---|---|---|---|---|---|
| 2000 | 288 | 296 | 26.4 | 12.2 | 32.0 |
| 2001 | 299 | 332 | 28.4 | 14.2 | 34.6 |
| 2002 | 298 | 382 | 26.2 | 14.8 | 38.8 |
| 2003 | 305 | 410 | 28.6 | 15.2 | 42.4 |
| 2004 | 316 | 428 | 32.0 | 14.3 | 42.6 |
Which year saw the maximum % increase in salary over the previous year?
- 2001
- 2002
- 2003
- 2004
Answer and explanation
Correct answer: A - 2001
Salary % increase: 2001: 11/288 = 3.82%; 2002: fall (299 to 298); 2003: 7/298 = 2.35%; 2004: 11/305 = 3.61%. Maximum in 2001.
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