Iift 2009 Question 1
This is a detailed step-by-step solution for Iift 2009 Question 1. Understand the concept, common mistakes, and expert tips to solve similar questions in IIFT exam.
IIFT 2009
Total automobile production in the year 2004 = 800+500+475 = 1775
Total automobile production in the year 2005 = 700+550+450 = 1700
Total automobile production in the year 2006 = 1025+675+475 = 2175
Total automobile production in the year 2007 = 1200+650+475 = 2325
Total automobile production in the year 2008 = 1250+600+350 = 2200
We can see that production decreased only twice during the given period in the year 2005 and 2008.
Hence, the percentage decrease in the year 2005 over the year 2004 = 4.225 percent.
Similarly, the percentage decrease in the year 2008 over the year 2007 = 5.376 percent.
Therefore, we can say that option D is the correct answer.