Question : Directions: Study the graph and answer the question.
What was the approximate percentage increase in sales of Cool-sip in 1990 over its sales in 1989?
Option 1: 100%
Option 2: 300%
Option 3: 171%
Option 4: 150%
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Correct Answer: 171%
Solution :
Given: The value of Cool-sip in 1989 = 7 lakh
The value of Cool-sip in 1990 = 19 lakh
Percentage change = $\frac{\text{The value of Cool-sip in 1990 - The value of Cool-sip in 1989}}{\text{The value of Cool-sip in 1989}}\times100$
Percentage change = $\frac{19–7}{7}\times100$
Percentage change = $\frac{12}{7}\times100$
Percentage change = 171.428% $\approx$ 171%
Hence, the correct answer is 171%.
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