Question

Directions:
Directions for the following 4 questions: The table below shows the annual Revenue and Expenditure (both in Rs. crore) of a company for five years. Profit in a year = Revenue - Expenditure. Study the data and answer the questions that follow. Year | Revenue | Expenditure 2019 | 120 | 80 2020 | 150 | 90 2021 | 180 | 120 2022 | 200 | 140 2023 | 250 | 175

What is the percentage increase in revenue from 2019 to 2023?

• A. 100%
• B. 120%
• C. 130%
• D. 108.33%

Hint:

Try forming the ratio of the 2023 revenue to the 2019 revenue as a single fraction, then see how much that fraction exceeds 1, in percentage terms.

Answer 1

The Correct Option is D

Step 1: Instead of computing the increase and dividing by the original value directly, use the ratio of final revenue to initial revenue.
Step 2: Revenue was $120$ crore in 2019 and $250$ crore in 2023.
Step 3: Form the ratio: $\frac{250}{120}=\frac{25}{12}$.
Step 4: This means 2023 revenue is $\frac{25}{12}$ times the 2019 revenue. The growth beyond the original amount is $\frac{25}{12}-1=\frac{13}{12}$.
Step 5: Convert to a percentage: $\frac{13}{12}\times100=108.33\%$. \[\boxed{108.33\%}\]