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Saira

· started a discussion

· 1 Months ago

detailed explanation (Question: 170771.0 )

kindly provide detailed explanation, it would be helpful, thanks !

Question:
DIRECTIONS: Study the following graph carefully and answer the question given below it:


The following graphs give the sales, profits and percentage of tax paid by two companies, ABC Limited and XYZ Limited for the period from 2002 to 2008.





What is the average annual growth rate in the profit made by ABC Limited during the 7 year period from 2002 to 2008?
Options:
A) 25.66%
B) 30.55%
C) 35.66%
D) 33.33%
E) 37.50%
Solution:
Ans: (b) 

Profit in 2002=30 crore

Profit in 2008=85 crore

% growth = \(\cfrac{85-30}{30}\times{100}\)

               =  183.33%

Average annual growth rate = \(\frac{183.33%}{6}\)   = 30.55%

Knowledge Expert

· commented

· 1 Months ago

Hi, it has been given....please click on report and view detailed solution after submitting Test.....
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