Study the given graph and answer the question that follows.

The graph presents total cost and total sales values (in lakh) of a firm over six years.

In which of the years given below did the firm record highest loss percentage?

Correct option is C

Given:

The graph presents total cost and total sales values (in lakhs) of a firm over six years.

Formula used:

Loss Percentage = $$\frac{(Total \ Cost - Total \ Sales)}{Total \ Sales }× 100$$​​

​Solution:​

2001:
Total Cost = 53, Total Sales = 45
Loss Percentage = $$\frac{(53 - 45)}{45 }× 100 = 17.78 \%$$​​

2002:
Total Cost = 82, Total Sales = 76
Loss Percentage = $$\frac{(82 - 76)}{76} × 100 = 7.89\%$$​​

2003:
Total Cost = 66, Total Sales = 56
Loss Percentage = $$\frac{(66 - 56)}{56} × 100 = 17.86 \%$$​​

2004:
Total Cost = 56, Total Sales = 45
Loss Percentage = $$\frac{ (56 - 45)}{45} × 100 = 24.44 \%$$​​

2005:
Total Cost = 74, Total Sales = 65
Loss Percentage = $$\frac{(74 - 65)}{65} × 100 = 13.85 \%$$​​

2006:
Total Cost = 83, Total Sales = 78
Loss Percentage = $$\frac{(83 - 78)}{78} × 100 = 6.41 \%$$​​

The highest loss percentage was recorded in 2004 with a loss of 24.44%.