Question

During which year the ratio of
percentage profit earned to that in the
previous year is the minimum?
1996
O 1997
O 1998
O 1999​

Answer 1

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a) 1997

The ratio percentage profit earned to that in the previous year, for different years are:

For 1996 = 55 / 40 = 1.38;

For 1997 = 45 / 50 = 0.82;

For 1998 = 65 / 45 = 1.44;

For 1999 = 70 / 65 = 1.08;

For 2000 = 60 / 70= 0.86;

Clearly, this ratio is minimum for 1997.