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      Question

      If the number of cars produced by Company P increased by

      20% in 2023 compared to 2022, how many cars would be produced by Company P in 2023? Direction: The bar graph shows the Production of Cars (in thousands) for four companies (P, Q, R, S) over five years (2018 to 2022).   Table: The table shows the Percentage of Exported Cars for the same four companies over the same five years.  
      A 110,000 Correct Answer Incorrect Answer
      B 120,000 Correct Answer Incorrect Answer
      C 130,000 Correct Answer Incorrect Answer
      D 125,000 Correct Answer Incorrect Answer
      E 135,000 Correct Answer Incorrect Answer

      Solution

      Production by Company P in 2022 = 100,000 cars. 20% increase in 2023: 20% of 100,000 = 0.20 × 100,000 = 20,000 cars. Production in 2023 = 100,000 + 20,000 = 120,000 cars.

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