A company's annual revenue (thousands of pounds):Year Revenue 2021 400 2022 480 2023 360
By what percentage did revenue fall from 2022 to 2023?
Answer and explanation
Correct answer: D. 25%
- Step 1: Fall from 2022 to 2023 = 480 - 360 = 120. Step 2. Percentage fall = 120 / 480 x 100 = 25%. Answer: 25%. Why not the others: 33.33% divides the fall by the 2023 figure (360) rather than the 2022 figure (480); 20% is the percentage rise from 2021 to 2022, not the fall that followed; 10% compares 2023 with 2021 (400) instead of 2022.
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