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Question
Non-current assets of a company increased from ₹ 3,00,000 to ₹ 4,00,000. What is the percentage of change?
Options
25%
33.3%
20%
40%
MCQ
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Solution
33.3%
Explanation:
Old value = 3,00,000
New values = 4,00,000
Percentage change = `(("New Value" - "Old Value")/"Old Value") × 100`
= `(400,000 - 300,000)/(300,000) × 100`
= `(100,000)/(300,000) × 100`
= 33.3%
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