The annual production in a cement industry is subjected to business cycles. The production increases for two consecutive years consistently by 18% and decreases by 12% in the third year. Again in the next two years, it increases by 18% each year and decreases by 12% in the third year. Taking 2008 as the base year, what will be the approximate effect on cement production in 2012?

Question

Examsnet · Accepted Answer

Correct Answer is :  45% increase

Percentage Practice Test 5 with solutions