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Question

If the total value of exports for years 1999 and 2000 were same, then the percentage change in the value of imports in 2000 over 1999 is (approx)

A
32%
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B
47%
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C
29%
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D
cannot be determined
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Solution

The correct option is A 32%

Let the total value of exports for both years be 100.

Then value of imports for 1999 = 140

Value of imports for 2000 = 95

So percentage change = (14095140) × 100 = 32.14%


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