A market vendor's sales were ₹40,000 last year and ₹50,000 this year. The percent increase is:
A$10\%$
B$20\%$
C$15\%$
D$25\%$
Answer & Solution
Correct answer: D. $25\%$
(50,000 − 40,000)/40,000 × 100 = 10,000/40,000 × 100 = 25%.
Related questions
Hair colour, blood type and the car a person drives are all examples of:A software store interviewing whichever shoppers walk past its counter is using:Besides simple random sampling, other methods involving chance include stratified, clusterThe average amount spent by all first year students at a college this term would be a:Treating one maths class as a sample of all maths classes lets you compute a class averageA good sample should have the same characteristics as:When some members of a population are less likely to be chosen than others, the result is:Errors caused by the actual process of sampling, such as too small a sample, are: