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Question

Direction: A table is given below, study the table carefully and answer the following question.

Year

Items of Expenditure

Salary

Food

Medicine

Tax

2001

Rs. 1,500

Rs. 200

Rs. 500

Rs. 100

2002

Rs. 2,600

Rs. 300

Rs. 600

Rs. 200

2003

Rs. 3,200

Rs. 150

Rs. 700

Rs. 150

2004

Rs. 4,100

Rs. 250

Rs. 650

Rs. 125

2005

Rs. 5,000

Rs. 200

Rs. 800

Rs. 150

2006

Rs. 5,200

Rs. 100

Rs. 750

Rs. 175

Based on the given table, the percentage salary increase during the period 2001-2006 was (round off to the nearest integer).

This question was previously asked in
RRB ALP 2018 CBT 2 Fitter Question Paper (21-Jan-2019) (Shift 3)
The correct answer is

247%

Understanding the Expenditure Table

The question asks us to analyze the provided table which details various items of expenditure over several years, from 2001 to 2006. Specifically, we need to focus on the 'Salary' column to determine the percentage increase in salary during this period.

Year Items of Expenditure Salary (Rs.) Food (Rs.) Medicine (Rs.) Tax (Rs.)
2001 1,500 200 500 100
2002 2,600 300 600 200
2003 3,200 150 700 150
2004 4,100 250 650 125
2005 5,000 200 800 150
2006 5,200 100 750 175

Calculating Salary Increase (2001-2006)

We need to find the percentage salary increase from the beginning of the period (2001) to the end of the period (2006). This involves identifying the salary values for these two years and applying the percentage change formula.

From the table:

  • Salary in 2001 = Rs. 1,500
  • Salary in 2006 = Rs. 5,200

The percentage increase is calculated using the formula:

$$\text{Percentage Increase} = \left( \frac{\text{Final Value} - \text{Initial Value}}{\text{Initial Value}} \right) \times 100$$

In this case, the Initial Value is the salary in 2001 and the Final Value is the salary in 2006.

Let's plug in the values:

$$\text{Salary Increase} = \left( \frac{5200 - 1500}{1500} \right) \times 100$$

$$\text{Salary Increase} = \left( \frac{3700}{1500} \right) \times 100$$

$$\text{Salary Increase} = \left( \frac{37}{15} \right) \times 100$$

Now, we calculate the value:

$$\frac{37}{15} \approx 2.4666...$$

$$\text{Salary Increase} \approx 2.4666... \times 100$$

$$\text{Salary Increase} \approx 246.66... \%$$

The question asks to round off the percentage salary increase to the nearest integer. Rounding 246.66...% to the nearest integer gives 247%.

Revision Table: Key Calculations

Description Value
Salary in 2001 (Initial) Rs. 1,500
Salary in 2006 (Final) Rs. 5,200
Absolute Increase Rs. 5200 - Rs. 1500 = Rs. 3700
Percentage Increase Calculation $$(3700 / 1500) \times 100$$
Calculated Percentage Increase $$246.66... \%$$
Rounded Percentage Increase 247%

Additional Information: Percentage Change Concepts

Understanding percentage change is crucial in analyzing data trends over time. It helps us compare relative changes, regardless of the initial magnitude of the values.

  • Percentage Increase: Used when a value grows over time. The formula is $\frac{\text{New Value} - \text{Original Value}}{\text{Original Value}} \times 100$.
  • Percentage Decrease: Used when a value reduces over time. The formula is $\frac{\text{Original Value} - \text{New Value}}{\text{Original Value}} \times 100$. Notice the original value is still the denominator, and the difference is positive.
  • Base Value: The denominator in the percentage change calculation is always the original or starting value. This is important for correct interpretation.

In this problem, we calculated the percentage salary increase using the salary in 2001 as the base (original value).

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