The production of a company has ups and downs every year. The production increases for two consecutive years consistently by 15% and in the third year it decreases by 20%. Again in the next two years it increases by 25% each year and decreases by 10% in the third year. If we start counting from the year 2014 approximately what will be the effect on the production of the Company in 2018?
Answers
32.25 % Production increase in 2018 compared to 2014
Step-by-step explanation:
YEAR PRODUCTION
2014 P
2015 P + (15/100)P = 1.15P
2016 1.15P + (15/100)1.15P = 1.3225P
2017 1.3225P - (20/100)1.3225P = 1.058P
2018 1.058P + (25/100)1.058P = 1.3225P
2019 1.3225P + (25/100)1.3225P = 1.653125P
2020 1.653125P - (10/100)1.653125P =1.4878125P
2014 P
2018 1.3225P
Increase of 0.3225P
Increase % = (0.3225P/P) * 100 = 32.25 %
32.25 % Production increase in 2018 compared to 2014
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