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Question
A company’s current liabilities decreased from ₹ 4,00,000 to ₹ 3,00,000. What is the percentage of change?
Options
(25%)
33.3%
20%
25%
MCQ
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Solution
(25%)
Explanation:
Given:
Old value = 4,00,000
New values = 3,00,000
Percentage change = `("New value" - "Old value")/"Old value" xx 100`
= `(300,000 - 400,000)/(400,000) × 100`
= `(-100,000)/(400,000) × 100`
= −25%
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