In the table , the production and the sale (in 1000 tonnes) of certain product of a company over 5 years is given.
| Years |
Production (in 1000 tonnes) |
Sale (in 1000 tonnes) |
| 2015 | 1250 | 1000 |
| 2016 | 1400 | 1290 |
| 2017 | 1450 | 1100 |
| 2018 | 1500 | 1450 |
| 2019 | 1600 | 1390 |
In which years(s) the production increases by more than 10% of that in the previous year ?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 2016
Production in 2015 = 1250
Production in 2016 = 1400
Percentage increase in production = [(1400 - 1250)/1250] × 100 = 12%
Production in 2016 = 1400
Production in 2017 = 1450
Percentage increase in production = [(1450 - 1400)/1400] × 100 = 3.6%
Production in 2017 = 1450
Production in 2018 = 1500
Percentage increase in production = [(1500 - 1450)/1450] × 100 = 3.5%
Production in 2018 = 1500
Production in 2019 = 1600
Percentage increase in production = [(1600 - 1500)/1500] × 100 = 6.7%