Directions: Study the table carefully and answer the given questions.
Total exports of six countries over five years (in ₹ crore)
| Years $\rightarrow$
Country $\downarrow$ | 1998 | 1999 | 2000 | 2001 | 2002 |
| :--- | :--- | :--- | :--- | :--- | :--- |
| P | 20 | 40 | 60 | 45 | 90 |
| Q | 30 | 25 | 15 | 50 | 100 |
| R | 50 | 55 | 70 | 90 | 65 |
| S | 45 | 60 | 20 | 15 | 25 |
| T | 60 | 50 | 55 | 100 | 110 |
| U | 24 | 40 | 60 | 75 | 120 |
Note: Profit = Exports – Imports
What is the percentage increase in the export of all the countries together during the year 1999 to 2001? (rounded off to two digits after decimal)
Aptitude
Statistics
Difficulty: Medium
Choose an option
-
A88.99%
-
B72.39%
-
C38.89%
-
D62.89%
-
E40.60%
Answer
Correct Answer: 38.89%
Explanation
### Concept & Percentage Increase
The percentage increase formula compares the growth in value to the initial (base) year value.
$$ \text{Percentage Increase} = \frac{\text{New Value} - \text{Old Value}}{\text{Old Value}} \times 100 $$
### Step-by-Step Solution
1. **Calculate total exports in 1999:**
- Total = $40 + 25 + 55 + 60 + 50 + 40 = 270$ crore.
2. **Calculate total exports in 2001:**
- Total = $45 + 50 + 90 + 15 + 100 + 75 = 375$ crore.
3. **Calculate the increase:**
- Increase = $375 - 270 = 105$ crore.
4. **Calculate percentage increase:**
- $\% \text{ Increase} = \left(\frac{105}{270}\right) \times 100 = \left(\frac{1050}{27}\right)\% \approx 38.888...\%$
5. **Round off:** Rounding to two digits gives $38.89\%$.
### Exam Strategy & Shortcut
Simplify the fraction before dividing: $\frac{105}{270} = \frac{105 \div 15}{270 \div 15} = \frac{7}{18}$. The fraction $\frac{1}{18} \approx 5.55\%$, so $7 \times 5.55\% \approx 38.89\%$.
### Common Pitfall
Including wrong columns (e.g., using 2000 data instead of 2001 data) or performing a simple difference without dividing by the base year value.
### Final Answer
Therefore, the correct answer is **38.89%**.