Question : Study the given graph carefully and answer the question that follows.
What was the percentage decline in imports from 1970 to 1971 (rounded off to the nearest integer)?
Option 1: 54%
Option 2: 56%
Option 3: 52%
Option 4: 53%
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Correct Answer: 54%
Solution :
Given: Import quantity in 1970 = 3465
Import quantity in 1971 = 1600
Decrease in import quantity in 1971 = (3465 – 1600) = 1865
So, the percentage of decrease $=\frac{1865 × 100}{3465} = 53.82\approx54$
Hence, the correct answer is 54%.
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