Study the given bar graphs and answer the question that follows. The bar graphs represent the amount invested in raw materials (in Rs. crore) and the sale of the products, by a textile company in the years 2007-2012. The X-axis represents the years. The Y-axis represents the amount invested in raw materials (in Rs. crore) in figure 1 and the sale of products in figure 2, respectively. In 2011, the sale of products had increased by a certain percentage with respect to the previous year. In 2012, by what percent should the sale of products increase from its present value so that it shows the same percent increase as had been shown in 2011?
Study the given bar graphs and answer the question that follows. The bar graphs represent the amount invested in raw materials (in Rs. crore) and the sale of the products, by a textile company in the years 2007-2012. The X-axis represents the years. The Y-axis represents the amount invested in raw materials (in Rs. crore) in figure 1 and the sale of products in figure 2, respectively. In 2011, the sale of products had increased by a certain percentage with respect to the previous year. In 2012, by what percent should the sale of products increase from its present value so that it shows the same percent increase as had been shown in 2011? Correct Answer 96
Calculation:
Percentage increase in sale of products in 2011 with respect to previous year = /800 × 100 = 50%
∴ The sale of products in 2012 should increase 50% from its present value so that it shows the same percent increase as had been shown in 2011
⇒ For same percentage increase sale of products in 2012 should be = 1200 × (100 + 50)/100 = 1200 × 3/2 = 1800
∴ Required percentage = (1800 - 920)/920 × 100 = 880/920 × 100 = 96%