Question

    The annual production in cement industry is subject to

    business cycles. The production increases for two consecutive years consistently by 18% and decreases by 12% in the third year. Again in the next two years, it increase by 18% each year and decreases by 12% in the third year. Taking 2008 as the base year, what will be the approximate effect on cement production in 2012?
    A 24% increase Correct Answer Incorrect Answer
    B 37% decrease Correct Answer Incorrect Answer
    C 45% increase Correct Answer Incorrect Answer
    D 60% decrease Correct Answer Incorrect Answer

    Solution

    The correct answer is C

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