The production of a company has ups and downs every year The production increases for two consecutiv...........

Quant (SSC) Percentage

The production of a company has ups and downs every year. The production increases for two consecutive years consistently by 15% and in the third year it decreases by 10%. Again in the next two years it increases by 15% each year and decreases by 10% in the third year. If we start counting from the year 1994 approximately what will be the effect on the production of the Company in 1998?

37% increase

47% increase

52% increase

32% increase

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Explanation:

Suppose the production of the company in the year 1994 be x.
Then production of the company in year 1998,
= x * 115/100 * 115/100 * 90/100 * 115/100 = 1.368x
∴ Increase % in the production in year 1998
= (1.368x - x) * 100 /x = 36.8% ≈ 37%