Directions (1 - 5): The cumulative bar chart below gives us the production of four Products A, B, C and D for four years. It is known that the total production increases @20% over its value in the previous year. The difference between C's production in 2003 and A's production in 2001 is 2640 units.
Production of A, B, C and D.
If due to extra set up time required, the production in 2001 drops by 12.5% over that in 2000, what should be the growth rate of production in 2002 to maintain the compounded annual growth rate (CAGR) of 20% (Approx)?
A. 56%
B. 48%
C. 52%
D. 65%
Answer: Option D
Solution(By Examveda Team)
Assume the total production of the first year as 10000, second year becomes 12000, third year 14400 and fourth year 17280. Then, 0.2 × 17280 - 0.2 × 12000 = 1056 But this difference is given as 2640. Hence, the value of production will be; 25000, 30000, 36000, and 43200 respectively for the 4 years. Growth rate of production= $$\frac{\left(144-87.5\right)\times100}{87.5}$$
= 65% (approx)
This Question Belongs to Data Interpretation >> Bar Chart
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