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Question
A company’s working capital is ₹ 10 lakh (Negative balance) in the year 2018. It became ₹ 15 lakh (Positive balance) in the year 2019. What is the percentage of change?
Options
150%
100%
250%
50%
MCQ
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Solution
250%
Explanation:
Working capital in 2018 = −10,00,000
Working capital in 2019 = 15,00,000
Difference in working capital = 15,00,000 − (−10,00,000)
= 25,00,000
= `(25,00,000)/(10,00,000) × 100`
= 250%
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