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b. Percentage Change is calculated with the formula (30th June 2021 Value/30th June 2020 Value) - 1 X 100 For example, percentage change in sales = (3,420,000/2,745,000) - 1x 100 = (1.245902 - 1) x 100 = 0.245902 X 100 = 24.590296 Step 2 Given below is the percentage change table using the above formula. 30-Jun-21 30-Jun-20% Change Sales 34,20,000 27,45,000 24.59% Gross Profit 18,25,000 13,65,000 33.70% Overheads 7,70,000 6,30,000 22.22% Net Profit 10,55,000 7,35,000 43.54% Overdrafts 42,000 57,000 -26.32% Long term Loans 6,00,000 8,35,000 -28.14%

b. Percentage Change is calculated with the formula (30th June 2021 Value/30th June 2020 Value) - 1 X 100 For example, percentage change in sales = (3,420,000/2,745,000) - 1x 100 = (1.245902 - 1) x 100 = 0.245902 X 100 = 24.590296 Step 2 Given below is the percentage change table using the above formula. 30-Jun-21 30-Jun-20% Change Sales 34,20,000 27,45,000 24.59% Gross Profit 18,25,000 13,65,000 33.70% Overheads 7,70,000 6,30,000 22.22% Net Profit 10,55,000 7,35,000 43.54% Overdrafts 42,000 57,000 -26.32% Long term Loans 6,00,000 8,35,000 -28.14%

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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b. Percentage Change is calculated with the formula (30th June 2021 Value/30th June 2020 Value) - 1 X 100 For example, percentage change in sales = (3,420,000/2,745,000) - 1X100 = (1.245902 - 1) X 100 = 0.245902 X 100 = 24.5902% Step 2 Given below is the percentage change table using the above formula. 30-Jun-21 30-Jun-20 % Change 24.59% Sales 34,20,000 27,45,000 Gross Profit 18,25,000 13,65,000 33.70% Overheads 7,70,000 6,30,000 22.22% Net Profit 10,55,000 7,35,000 43.54% Overdrafts 42,000 57,000 -26.32% Long term Loans 6,00,000 8,35,000 -28.14%
Transcribed Image Text:b. Percentage Change is calculated with the formula (30th June 2021 Value/30th June 2020 Value) - 1 X 100 For example, percentage change in sales = (3,420,000/2,745,000) - 1X100 = (1.245902 - 1) X 100 = 0.245902 X 100 = 24.5902% Step 2 Given below is the percentage change table using the above formula. 30-Jun-21 30-Jun-20 % Change 24.59% Sales 34,20,000 27,45,000 Gross Profit 18,25,000 13,65,000 33.70% Overheads 7,70,000 6,30,000 22.22% Net Profit 10,55,000 7,35,000 43.54% Overdrafts 42,000 57,000 -26.32% Long term Loans 6,00,000 8,35,000 -28.14%
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