If the same percentage increase in the sales of Type I vehicles in 2004 over 2003 is expected in 2005, approximately how many Type I vehicles will be sold in 2005?

Question

Question

Study the following table carefully and answer the questions given below:

This question was previously asked in

NTPC CBT 2 2016 Previous Paper 1 (Held On: 17 Jan 2017 Shift 1)

Answer 1

Sales of type 1 vehicle in 2003 = 81

Sales of type 1 vehicle in 2004 = 107

Percentage increase in the sales of Type I vehicles in 2004 over 2003 = [(107 - 81)/81] × 100 ≈ 32%

If the same percentage of increase in sale is expected in 2005 then,

Number of vehicles sold in 2005 = 107 + [32/100] × 107 = 107 + 34.24 ≈ 141