A company produces five different products. The sales of these five products (in lakh number of packs) during 2005 and 2010 are shown in the following bar – graph.
Question is based on this graph. Sales (in lakh number of packs) of five different products of a company during 2005-2010. The sales have increased by nearly 55% from 2005 to 2010 in case of :
Step-by-step Solution:
To find the percentage increase for each product, we use the formula:
((Sales in 2010 - Sales in 2005) / Sales in 2005) * 100
Let's apply this formula to the relevant products from the chart:
((12.21 - 7.88) / 7.88) * 100 ≈ 54.95%
Conclusion: The percentage increase for Product D is 54.95%, which is "nearly 55%". The increase for Product C was significantly higher at almost 95%.
Final Answer: The correct option is D. Product D.