Indian Institute of Foreign Trade 2016 Solved Paper

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Directions for questions 58-62: The following 2 bar charts represent revenues and expenses (in thousands) of A Ltd, B Ltd, and C Ltd over a period of five years.

Profit = Revenues - Expenses

Question : 62 of 123

Marks: +1, -0

For which of the following years the percentage of rise/fall in profit from the previous year was the maximum for A Ltd?

2012
2013
2014
2015

Validate

Solution:

(b) Profit in 2011 = 120 –105 = 15
Profit in 2012 = 165 – 185 = – 20 (loss)
Profit in 2013 = 135 – 100 = 35
Profit in 2014 = 180 – 120 = 60
Profit in 2015 = 150 – 110 = 40
So, maximum % increase in 2013

= { 35 - ( - 20 ) }/ { 20 } × 100 = { 55 } /{ 20 } × 100 = 275 \;%

Hence it is maximum, so answer is B option.

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