A company's annual revenue (thousands of pounds):Year Revenue 2021 200 2022 260 2023 130
By what percentage did revenue fall from 2022 to 2023?
Answer and explanation
Correct answer: A. 50%
- Step 1: Fall from 2022 to 2023 = 260 - 130 = 130. Step 2. Percentage fall = 130 / 260 x 100 = 50%. Answer: 50%. Why not the others: 100% divides the fall by the 2023 figure (130) rather than the 2022 figure (260); 30% is the percentage rise from 2021 to 2022, not the fall that followed; 35% compares 2023 with 2021 (200) instead of 2022.
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