The period which has the maximum percentage increase in profit over the previous year is:
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. 2015 - 2016.
The percentage change in annual profit in 2015 - 16
⇒ ((690 - 625)/625) × 100 = 10.40%
The percentage change in annual profit in 2016 - 17
⇒ ((725 - 690)/690) × 100 = 5.07%
The percentage change in annual profit in 2017 - 18
⇒ ((775 - 725)/725) × 100 = 6.89%%
The percentage change in annual profit in 2018 - 19
⇒ ((815 - 775)/775) × 100 = 5.16%
The maximum increase is in 2015 - 16