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Directions : These question is based on the line graph given below which represents the Earnings Per Share (EPS) of three companies STC, TSC and MIE for the years 1991-1992 to 1995-1996.

If TSC has 15, 000 shares in 1994-1995 and 31, 000 shares in 1995-1996, then find the approximate percentage change in profit available for shareholders from 1994-1995 to 1995-1996.

  • Option 1)

    35% 

  • Option 2)

    59.6% 

  • Option 3)

     44.1%   

  • Option 4)

    42.2% %

  • Option 5)

    61%

Answers (1)

best_answer

Profit available for share holder TSC in 1994 – 1995 = 15000 x 33 = 495000

Profit available for share holder TSC in 1995 – 1996 = 31000 x 23 = 713000

Percentage change = \frac{(713000-495000)}{495000}\times 100=44.0444.1\, ^{0}\! /_{0}

44.04 %

So approximate 44.01

Posted by

rishi.raj

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