The following line graph gives the annual percent profit earned by a Company during the period 1995 - 2000.
Percent Profit Earned by a Company Over the Years.
%Profit = (Income - Expenditure)/Expenditure x 100
During which year is the ratio of percentage profit earned to that in the previous year the minimum?
A.
1996
B.
1997
C.
1998
D.
1999
Correct answer is B
The ratio percentage profit earned to that in the previous year, for different years are:
For 1996 = 55/40 = 1.38;
For 1997 = 45/55 = 0.82;
For 1998 = 65/45 = 1.44;
For 1999 = 70/65 = 1.08;
For 2000 = 60/70 = 0.86;
Clearly, this ratio is minimum for 1997.