Question
Download Solution PDFStudy the following table carefully and answer the questions given below it:
|
Years |
Toys |
||||
|
A |
B |
C |
D |
E |
|
|
1982 |
200 |
150 |
78 |
90 |
65 |
|
1983 |
150 |
180 |
100 |
105 |
70 |
|
1984 |
180 |
175 |
92 |
110 |
85 |
|
1985 |
195 |
160 |
120 |
125 |
75 |
|
1986 |
220 |
185 |
130 |
135 |
80 |
What was the percentage (approximate) increase in production of D type of toys from 1983 to 1985?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Production of D type of toys in 1983 = 105
Production of D type of toys in 1985 = 125
Formula Used:
Percentage Increase = \(\dfrac{\text{(New Value - Old Value)}}{\text{Old Value}} \times 100\)
Calculation:
Increase in production = 125 - 105 = 20
Percentage Increase = \(\dfrac{20}{105} \times 100\)
⇒ Percentage Increase ≈ 19.047%
⇒ Percentage Increase ≈ 19 %
The percentage (approximate) increase in production of D type of toys from 1983 to 1985 was 19%.
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