Directions for question: Refer to the following chart and solve the questions based on it.

The figure below represents sales and net profit (in Rs. crore) of IVP Ltd., for five years from 2014-2015 to 2018-2019. During this period, the sales increased from Rs. 100 crore to Rs. 680 crore. Correspondingly, the net profit increased from Rs. 2.5 crore to Rs. 12 crore. (Net profit is defined as the excess of sales over total costs.)

The highest percentage growth in sales, relative to the previous year occurred in ______.

Option 1 - <p>2015-2016</p>
Option 2 - <p>2016-2017</p>
Option 3 - <p>2017-2018</p>
Option 4 - <p>2018-2019</p>
6 Views|Posted 7 months ago
Asked by Shiksha User
1 Answer
P
7 months ago
Correct Option - 1
Detailed Solution:

Using the graph, the percentage growth in sales are:

 

Previous Profit

Current Profit

Difference

Percentage

2015-16

100

250

150

150%

2016-17

250

300

50

20%

2017-18

300

290

–10

–3.33%

2018-19

290

680

390

134.5%

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