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    Question

    The following data represents the sales (in million units) of four companies (P, Q, R, S) over five years (2018 to 2022):

    What is the percentage increase in the sales of Company

    R from 2018 to 2022?
    A 50% Correct Answer Incorrect Answer
    B 60% Correct Answer Incorrect Answer
    C 62.5% Correct Answer Incorrect Answer
    D 75% Correct Answer Incorrect Answer

    Solution

    The formula to calculate the percentage increase is: Percentage increase = [(Final value - Initial value) / Initial value] × 100 Initial sales of Company R in 2018 = 40 million units Final sales of Company R in 2022 = 65 million units Percentage increase = [(65 - 40) / 40] × 100 = (25 / 40) × 100 = 62.5% Correct option: c      

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