JIPMAT 2024 (LR) - What is the percentage increase in expenditure on education during 2011 to 2015 ? | PYQs + Solutions | AfterBoards
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JIPMAT 2024 (LR) PYQs

JIPMAT 2024

Logical Reasoning
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Tabular Data

Easy

The following table gives the expenditure details of a family during the years 2011 to 2015 .
Item of ExpenditureExpenditure (in ₹ Thousands)
20112012201320142015Total
Food8009001050120014005350
House Rent1501502102403001050
Clothing75100130170250725
Fuel and Electricity3040506070250
Education1501702002603001080
Medical Expenses7590100110150525
Miscellaneous2202502603604301520
Total1500170020002400290010500

What is the percentage increase in expenditure on education during 2011 to 2015 ?

Correct Option: 3
To find the percentage increase in education expenditure from 2011 to 2015:
Initial value (2011) = 150150 thousand \newline Final value (2015) = 300300 thousand
Using the percentage increase formula:
Percentage increase = Increase in valueInitial value×100\frac{\text{Increase in value}}{\text{Initial value}} \times 100
Increase in value = 300150=150300 - 150 = 150
Percentage increase = 150150×100\frac{150}{150} \times 100 \newline = 1×1001 \times 100 \newline = 100%100\%
Therefore, the percentage increase in expenditure on education during 2011 to 2015 is 100%100\%.

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