Question : Directions: In the following question, study the chart and answer the question.
What is the percentage increase in Education from April month to May month?
Option 1: 9.56%
Option 2: 12.35%
Option 3: 20%
Option 4: 10.82%
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Correct Answer: 10.82%
Solution :
As per the given graph,
The expenditure on education in April month,
= 24000 × $\frac{47}{100}$ = INR 11,280
The expenditure on education in May month,
= 25000 × $\frac{50}{100}$ = INR 12,500
The percentage increase from May month to April month,
= $\frac{\text{Final value - Initial value}}{\text{Initial Value}}$ × 100
= $\frac{(12500 - 11280)}{11280}$ × 100 = 10.82%
Hence, the correct answer is 10.82%.
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