Following expenditure was incurred by a company under different heads: table border-collapse: collapse; margin: 10px 0; th, td border: 1px solid #ccc; text-align: left; padding: 8px; th background-color: #f2f2f2; color: #333; tr:nth-child(even) background-color: #f9f9f9 Which year saw the maximum % increase in salary over the previous year? Option 1: 2001 Option 2: 2002 Option 3: 2003 Option 4: 2004

Answer: 2001. Solution: For 2001: (299-288)/288 × 100 = 11/288 × 100 = 3.82% For 2002: (298-299)/299 × 100 = (-1)/299 × 100 = -0.33% (decrease) For 2003: (305-298)/298 × 100 = 7/298 × 100 = 2.35% For 2004: (316-305)/305 × 100 = 11/305 × 100 = 3.61% The highest percentage increase was 3.82% in 2001.

Data Interpretation

Tabular Data

Hard

Following expenditure was incurred by a company under different heads:

Year	Salary	Cost of components	Power	Interest	Taxes
2000	288	296	26.4	12.2	32.0
2001	299	332	28.4	14.2	34.6
2002	298	382	26.2	14.8	38.8
2003	305	410	28.6	15.2	42.4
2004	316	428	32.0	14.3	42.6

Which year saw the maximum % increase in salary over the previous year?

2001

2002

2003

2004

✅ Correct Option: 1

For 2001:

$\frac{299-288}{288} × 100 = \frac{11}{288} × 100 = 3.82\%$

For 2002:

$\frac{298-299}{299} × 100 = \frac{-1}{299} × 100 = -0.33\%$ (decrease)

For 2003:

$\frac{305-298}{298} × 100 = \frac{7}{298} × 100 = 2.35\%$

For 2004:

$\frac{316-305}{305} × 100 = \frac{11}{305} × 100 = 3.61\%$

The highest percentage increase was $3.82\%$ in 2001.

Question 1

What is the approximate ratio between total tax paid and cost of components over all these years?

Question 2

Total expenditure in 2000 was what percentage of total expenditure in 2003?

Which year saw the maximum % increase in salary over the previous year?

Solution

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