What was the percentage decrease in B's production in 2020 as compared to B's production in 2018 (approximate to two decimals)?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e 61.54%.
B's production in 2018 = 65,000 (in lakhs)
B's production in 2020 = 25,000 (in lakhs)
The decrease in production = 65,000 - 25,000 = 40,000
Percentage Decrease = (Decrease ÷ Original value) × 100 = (40,000 ÷ 65,000) × 100
⇒ 0.61538 × 100 = 61.54%