The production of AB Co. increased by 10% after one year, and in the next year it increased by 22%. In the third year, it increased by 5%. What overall change (in %) has been there in the production in three years from the original production?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 40.9%.
According to the question
Successive percentage change of 10% and 22%
10 + 22 + (10 * 22)/100 = 34.2 %
Now successive percentages of 34.2 and 5%
34.2 + 5 +(34.2 * 5)/100 = 34.2 + 6.71 = 40.91%