What was the percentage increase in total sales in 2003 from 1998 (rounded off to nearest integer)?

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Solution

The correct option is B
20

Total sales in 1998

= (25 + 45 + 38 + 52 + 47 + 55) million tons

= 262 million tons

Total sales in 2003

= (43 + 55 + 49 + 63 + 42 + 62) million tons

= 314 million tons

$∴$ % increase = $\frac{314 - 262}{262} \times 100$

= 19.85 $\approx$ 20%

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