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Banking Akash Bambam 19.02.2024 G1

What was the approximate percentage decline in the production of mobile from 2003 to 2004 ?

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  1. 27%
  2. 21%
  3. 29%
  4. 23%

Answer (Detailed Solution Below)

Option 4 : 23%
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Detailed Solution

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Given:

Production of mobile in a company over the years.

Calculations:

Production of mobile in 2003 and 2004 is 65 and 50.

Required percentage decline = \(\dfrac{65-50}{65}\) × 100 = 23.07% ~ 23%

∴ The answer is 23%.

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