The following table shows the gross turnover (in crores) of a company over 5 years.
| Year | Gross Turnover |
| 2016 | 12 |
| 2017 | 18 |
| 2018 | 25 |
| 2019 | 25 |
| 2020 | 30 |
By what percentage is the gross turnover of 2020 higher than the gross turnover of 2018?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 20%.
Percentage increase = (Difference / Original value) × 100
In this case, the difference is 30 - 25 = 5 and the original value is 25. Substituting these values into the formula, we get:
Percentage increase = (5 / 25) × 100 = 20%
Therefore, 30 is 20% higher than 25.