Question
What is the percentage increase in the sales of Company
R from 2018 to 2022? The following data represents the sales (in million units) of four companies (P, Q, R, S) over five years (2018 to 2022):Solution
The formula to calculate the percentage increase is: Percentage increase = [(Final value - Initial value) / Initial value] × 100 Initial sales of Company R in 2018 = 40 million units Final sales of Company R in 2022 = 65 million units Percentage increase = [(65 - 40) / 40] × 100 = (25 / 40) × 100 = 62.5% Correct option: c
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