Directions: Study the given bar graph and answer the questions that follow:
The bar graph gives the sales and profit (both in $cr.) of company Z across four years.
What is the approximate percentage profit margin on revenue of company Z in 2016?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. 41.18%.
We know that,
Profit margin% = Profit/Sales × 100
From the given graph,
Sales in 2016 = 2057
Profit in 2016 = 847
Now,
Profit margin% = 847/2057 × 100 = 41.18%