The given Bar Graph presents the Imports and Export of an item (in house) manufactured by a company for the financial years, 2013-2014 to 2017-2018. In which financial year the percentage increase in Imports and Exports taken together is the lowest in comparison to its previous financial year?
The given Bar Graph presents the Imports and Export of an item (in house) manufactured by a company for the financial years, 2013-2014 to 2017-2018. In which financial year the percentage increase in Imports and Exports taken together is the lowest in comparison to its previous financial year? Correct Answer 2016-2017
Total imports and exports in 2013-2014 = 638 + 824 = 1462
Total imports and exports in 2014-2015 = 1255 + 1011 = 2266
Increase = 2266 – 1462 = 804
Percentage increase = (804/1462) × 100 = 54.99 ≈ 55%
Total imports and exports in 2014-2015 = 1255 + 1011 = 2266
Total imports and exports in 2015-2016 = 1661 + 1137 = 2798
Increase = 2798 – 2266 = 532
Percentage increase = (532/2266) × 100 = 23.47%
Total imports and exports in 2015-2016 = 1661 + 1137 = 2798
Total imports and exports in 2016-2017 = 1548 + 1545 = 3093
Increase = 3093 – 2798 = 295
Percentage increase = (295/2798) × 100 = 10.54%
Total imports and exports in 2016-2017 = 1548 + 1545 = 3093
Total imports and exports in 2017-2018 = 1305 + 1658 = 2963
It is clear that in year 2017-2018 compared to previous year total number of imports and exports are decreased
∴ The financial year in which the percentage increase in Imports and Exports taken together is the lowest in comparison to its previous financial year = 2016-2017