A company's annual revenue (thousands of pounds):Year Revenue 2021 120 2022 132 2023 99
By what percentage did revenue fall from 2022 to 2023?
Answer and explanation
Correct answer: C. 25%
- Step 1: Fall from 2022 to 2023 = 132 - 99 = 33. Step 2. Percentage fall = 33 / 132 x 100 = 25%. Answer: 25%. Why not the others: 33.33% divides the fall by the 2023 figure (99) rather than the 2022 figure (132); 10% is the percentage rise from 2021 to 2022, not the fall that followed; 17.5% compares 2023 with 2021 (120) instead of 2022.
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