A firm's sales were Rs. 250 crore in 2020, Rs. 350 crore in 2021 and Rs. 280 crore in 2022. What was the percentage growth from 2020 to 2021?
Answer and explanation
Correct answer: D. 40%
- Step 1: Growth = (350 − 250) ÷ 250 × 100. Step 2. = 40%. Answer: 40%. Why not the others: 28.6% is what you get if you divide the rise by the later value. 100% is what you get if you report the rise in crore as a percentage. 12% is what you get if you measure the growth up to 2022 instead.
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