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Study the following graph carefully and answer the question. For company A, what is the approximate percentage decrease in production from 2015 to 2
Question

Study the following graph carefully and answer the question.
For company A, what is the approximate percentage decrease in production from 2015 to 2016?  

A.

15%

B.

22%

C.

25%

D.

20%

Correct option is A

Given: 
Production in 2015 by P = 3 thousands 
Production in 2016 by P = 2.5 thousand  
Solution: 
Decrease in production = 3 - 2.5 = 0.5 thousands
Decrease % = 0.53×100=503=16.66%\frac{0.5}{3}\times100 = \frac{50}{3} = 16.66\% 
From the options, 
Option (a) 15% is the nearest to the 16.66%. 
Thus, option(a) is correct.

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