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CAT 1996 — DILR Question 10

TablesEasy
Passage / Data

Direction: Answer the questions based on the following information.

If the profit in 1996 shows the annual rate of growth as it had shown in 1995 over the previous year, then what approximately will be the profit in 1996?

Answer & solution

Correct answer: Rs. 82 lakh

  • A

    Rs. 72 lakh

  • Rs. 82 lakh

  • C

    Rs. 93 lakh

  • D

    Rs. 78 lakh

Solution

To handle this type of questions, the best way is to express the data in tabular form.

​​​​​​​

​​​​​​​Profit in 1994 = 60. Profit in 1995 = 70. Growth percentage in profit in 1995 over 1994 = (1060) × 100 = 16.66%

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CAT 1996 DILR Q10: If the profit in 1996 shows the annual rate of growth as it had shown in 1995 over the previous year, then wha — Solution | TheCATExam