Question
Download Solution PDFThe 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 rate?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFCalculation:
Growth in F = 132 - 110
⇒ 22
% of growth = (22/110) × 100
⇒ 20%
Growth in E = 50 - 30
⇒ 20
% of growth = (20/30) × 100
⇒ 66.67%
Growth in D = 90 - 60
⇒ 30
% of growth = (30/60) × 100
⇒ 50%
Growth in B = 200 - 160
⇒ 40
% of growth = (40/160) × 100
⇒ 25%
∴ The required answer is E.
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