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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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