Question : The production of ABC Ltd is as follows.
Product | 2021 | 2022 |
A | 120 | 150 |
B | 160 | 200 |
C | 250 | 300 |
D | 60 | 90 |
E | 30 | 50 |
F | 110 | 132 |
For which product did the company record the highest growth?
Option 1: F
Option 2: E
Option 3: D
Option 4: B
Correct Answer: E
Solution :
Total growth for product A = 150 – 120 = 30
Growth percentage = $\frac{30}{120}\times 100 = 25$%
Total growth for product B = 200 – 160 = 40
Growth percentage = $\frac{40}{160}\times 100 = 25$%
Total growth for product C = 300 – 250 = 50
Growth percentage = $\frac{50}{250}\times 100 = 20$%
Total growth for product D = 90 – 60 = 30
Growth percentage = $\frac{30}{60}\times 100 = 50$%
Total growth for product E = 50 – 30 = 20
Growth percentage = $\frac{20}{30}\times 100 = 66.67$%
Total growth for product F = 132 – 110 = 22
Growth percentage = $\frac{22}{110}\times 100 = 20$%
Hence, the correct answer is E.
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