Question

What is the maximum increase percent in procurement price of any two consecutive years?

• A. $11\frac{1}{9}\%$
• B. $13\%$
• C. $12\frac{1}{2}\%$
• D. $10\frac{1}{11}\%$
• E. None of these

Answer 1

The correct option is A $11\frac{1}{9}\%$

Increase percent in 1995-1996 is $4.76\%$.
Increase percent in 1996-97 is $\{\left(\frac{112-110}{110}\right)\times 100\}\%=(\frac{2}{110}\times 100)\%=1.82\%$.
Increase percent in 1997-98 is $2.68\%$.
Increase percent in 1998-99 is $1.74\%$.
Increase percent in 1999-2000 is $\{\left(\frac{130-117}{117}\right)\times 100\}\%=11.11\%$.
Increase percent in 2001-2001 is $8.46\%$.
Increase percent in 2001-2002 is $\{\left(\frac{151-141}{141}\right)\times 100\}\%=(\frac{10}{141}\times 100)\%=7.09\%$.
Hence, the maximum increase percent is in 1999-2000 which is $11.11\%$.