The following table shows the Income (in ₹ lakh) and percentage (%) profit of a company over the six…
The changes in profit percentage over the previous year are +7.5 in 2018, +7.5 in 2019, -5 in 2020, +2.5 in 2021 and +7.5 in 2022. Among the positive increases the smallest…
Choose your answer
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 question.
| 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 |
Question: The positive increase in percent profit in comparison to the previous year was minimum in the year
Answer and explanation
Correct answer C
The changes in profit percentage over the previous year are +7.5 in 2018, +7.5 in 2019, -5 in 2020, +2.5 in 2021 and +7.5 in 2022. Among the positive increases the smallest is 2.5 percentage points, which occurs in 2021. Hence 2021 is the answer.
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