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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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