Iift 2009 Question 18
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IIFT 2009
Total oil used in the year 1996 = 10+700+1794+104 = 2608.
Total oil produced in the year 1996 = 10+700+1794+104+650 = 3258.
Similarly, we can calculate for the remaining quantities for both the years. Tabulating the same data,
Therefore, growth rate of total oil used in the year 1997 as compared to 1996 = 11.73%
Therefore, growth rate of total oil produced in the year 1997 as compared to 1996 = 11.91%
Similarly, we can calculate for the remaining year. Tabulating the same data,
From the table we can see that, the growth rate in ‘Production of Oil’ is more than the growth rat