The following chart gives the revenue share of different companies in the tech sector in Cuckooland. :
Let 2004 revenues be P and 2003 reveneus be Q.
We know that P – Q = $4bn
We also know that 19% of P – 16.9% of Q = $ 1bn.
We need to find as a percentage.
It is crucial to isolate what you are looking for in these types of questions.
We know that P – Q = $4bn. We also know that 19% of P – 16.9% of Q = $ 1bn.
We know that P – Q = 4(19% of P – 16.9% of Q)
Or P – Q = 0.76P – 0.676Q.
Or, 0.24P = 0.324Q. Or,
Overall growth rate = 35%. Correct Answer: Choice B
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