The table gives the profits (in rupees lakh) earned by five retail stores A to E during the years 2018 to 2023. Note that Profit equals Income minus Investment, and profit percent means profit as a percentage of investment. The specific profit figures needed are stated within each question below. Based on the data, answer the questions that follow.
Store A earned a profit of 18 lakh in 2019 and 30 lakh in 2023. The profit earned by store A in 2023 is approximately what percentage more than that in 2019?
The 2023 profit is about 66.67 percent more, so that is the answer.
The profit of store A in 2019 is 18 lakh.
The profit of store A in 2023 is 30 lakh.
The increase is 30 minus 18, which is 12.
Dividing 12 by 18 gives about 0.6667.
So the 2023 profit is about 66.67 percent more than in 2019.
Want more like this? Create a free account to practise a full test, track your progress, and get spaced-repetition review.
Practise on Mcqkart →🎓 Book an expert →