Question : Directions: Study the following graph and answer the question given below.
Production of salt by a company (in 1000 tonnes) over the years
What was the percentage decline in the production of salt from 2003 to 2004?
Option 1: 64.2%
Option 2: 180%
Option 3: 62.4%
Option 4: 107%
Correct Answer: 64.2%
Solution :
Given: The production of salt in 2003 was 70.
The production of salt in 2004 was 25.
The percentage decline in the production of salt from 2003 to 2004
= $\frac{\text{Production of salt in 2003 – Production of salt in 2004}}{\text{Production of salt in 2003}}×100$
= $\frac{(70-25)}{70}×100$
= $\frac{45}{70}\times100$
= $64.2$%
Hence, the correct answer is 64.2%.
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