What is the difference in the percentage increase in the income o

Study the graph carefully and answer the questions given below it.

The following graph shows the income of companies X & Y over the years [in lakh rupees]

Question 1: What is the difference in the percentage increase in the income of company Y to the percentage increase in the income of company X over four years?

A. 20%

B. 26%

C.  62.5%

D. 77.5%

Right Answer is: C

SOLUTION

Income of company Y in 2017 = 60

Income of company Y in 2014 = 32

Percentage increase in the income of company Y = (60 – 32)/32 × 100 = 87.5%

Income of company X in 2017 = 50

Income of company X in 2014 = 40

Percentage increase in the income of company X = (50 – 40)/40 × 100 = 25%

Required value = 87.5 – 25 = 62.5%

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