Study the given graph and answer the question that follows.
The graph presents smartphones (in lakh) sold by a company during the years 1999 to 2005.

What was the approximate percentage increase in the smartphone sales of the company from 2002 to 2003?

Correct option is A

Given:

Smartphones sold in 2002 = 45 lakh

Smartphones sold in 2003 = 65 lakh

Formula Used:

​$$\text{Percentage Increase} = \left( \frac{\text{New Value} - \text{Old Value}}{\text{Old Value}} \right) \times 100$$​

Solution:

​$$\text{Percentage Increase} = \left( \frac{65 - 45}{45} \right) \times 100 = \left( \frac{20}{45} \right) \times 100 \approx 44\%$$​