Study the given graph and answer the following question.
The graph shows the profit percentage earned by two companies - A and B over a period of six years.
What is the percentage increase in profit percentage of company B in the year 2014 from the previous year?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 11.11%.
Profit percentage of Company B in 2013 = 45%
Profit percentage of Company B in 2014 = 50%
Percentage increase = (50 - 45)/45 × 100 = 100/9 = 11.11%