Find the difference between the lowest percentage increase and the highest percentage increase in the year 2019 - 2020.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e 80%.
Percentage increase in Raw Material = (6000 - 5000)/5000 × 100
⇒ 1000/5000 × 100 = 20%
Percentage increase in Power and fuel = (12000 - 10000)/10000 × 100
⇒ 2000/10000 × 100 = 20%
Percentage increase in Salary and wages = (12000 - 8000)/12000 × 100
⇒ 4000/12000 × 100 = 100/3% = 33.33%
Percentage increase in Advertising = (20000 - 10000)/10000 × 100
⇒ 10000/10000 × 100 = 100%
Thus,
Required difference = 100 - 20 = 80%