1. During which year the ratio of percentage profit earned to that in the previous year is the minimum?
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By: guest on 01 Jun 2017 11.13 pm
The ratio percentage profit earned to that in the previous year, for different years are: For 1996 = 55 = 1.38; 40 For 1997 = 45 = 0.82; 55 For 1998 = 65 = 1.44; 45 For 1999 = 70 = 1.08; 65 For 2000 = 60 = 0.86; 70 Clearly, this ratio is minimum for 1997.