Question
A company’s expenditure on three departments over four
years is as follows (in thousands): What is the total percentage increase in expenditure on R&D from 2020 to 2023?Solution
Expenditure in 2020 = 150 Expenditure in 2023 = 250 Increase = Expenditure in 2023 - Expenditure in 2020 Increase = 250 - 150 = 100 Percentage Increase = (Increase / Expenditure in 2020) * 100 Percentage Increase = (100 / 150) * 100 = 66.67%
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