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    The following table shows the sale of different brands of watches by a shop during 2014 — 2018. YearBrand (in thousands)TitanFastrackTimexFossil2
    Question

    The following table shows the sale of different brands of watches by a shop during 2014 — 2018. 

    Year

    Brand

    (in thousands)

    Titan

    Fastrack

    Timex

    Fossil

    2014

    366

    205

    247

    96

    2015

    398

    188

    285

    108

    2016

    312

    175

    388

    112

    2017

    412

    312

    401

    146

    2018

    288

    202

    255

    126

    Which of the given options represents the maximum percentage increase in sales over the preceding year?

    A.

    Titan, 2017

    B.

    Fossil, 2017

    C.

    Timex, 2016

    D.

    Fastrack, 2017

    Correct option is D

    Formula Used:

    Percentage Increase=Sales in Current YearSales in Previous YearSales in Previous Year×100\text{Percentage Increase} = \frac{\text{Sales in Current Year} - \text{Sales in Previous Year}}{\text{Sales in Previous Year}} \times 100 

    Solution:

    Titan 

    2015: 398366366×100=32366×1008.74%\frac{398 - 366}{366} \times 100 = \frac{32}{366} \times 100 \approx 8.74\%​​

    2016: 312398398×100=86398×10021.57%(decrease)\frac{312 - 398}{398} \times 100 = \frac{-86}{398} \times 100 \approx -21.57\% \quad (\text{decrease})​​

    2017: 412312312×100=100312×10032.05%\frac{412 - 312}{312} \times 100 = \frac{100}{312} \times 100 \approx 32.05\%​​

    2018: 288412412×100=124412×10030.1%(decrease)\frac{288 - 412}{412} \times 100 = \frac{-124}{412} \times 100 \approx -30.1\% \quad (\text{decrease})​​

    Fastrack

    2015: 188205205×100=17205×1008.29%(decrease)\frac{188 - 205}{205} \times 100 = \frac{-17}{205} \times 100 \approx -8.29\% \quad (\text{decrease})​​

    2016: 175188188×100=13188×1006.91%(decrease)\frac{175 - 188}{188} \times 100 = \frac{-13}{188} \times 100 \approx -6.91\% \quad (\text{decrease})​​

    2017: 312175175×100=137175×10078.29%\frac{312 - 175}{175} \times 100 = \frac{137}{175} \times 100 \approx 78.29\%​​

    2018: 202312312×100=110312×10035.26%(decrease)\frac{202 - 312}{312} \times 100 = \frac{-110}{312} \times 100 \approx -35.26\% \quad (\text{decrease})​​

    Timex

    2015: 285247247×100=38247×10015.37%\frac{285 - 247}{247} \times 100 = \frac{38}{247} \times 100 \approx 15.37\%​​

    2016: 388285285×100=103285×10036.14%\frac{388 - 285}{285} \times 100 = \frac{103}{285} \times 100 \approx 36.14\%​​

    2017: 401388388×100=13388×1003.35%\frac{401 - 388}{388} \times 100 = \frac{13}{388} \times 100 \approx 3.35\%​​

    2018: 255401401×100=146401×10036.4%(decrease)\frac{255 - 401}{401} \times 100 = \frac{-146}{401} \times 100 \approx -36.4\% \quad (\text{decrease})​​

    Fossil

    Thus, The maximum percentage increase in sales over the preceding year is 78.29% for Fastrack in the year 2017.


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