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In 2008, a certain factory produced 25% more widgets than it did in 2007. In 2009 the company's production of widgets was 120% of its production in 2008. By approximately what percent would its production need to decrease the following year for the factory to produce the same number of widgets it did in 2007?
A. 33%
B. 45%
C. 50%
D. 64%
E. 67%
The OA is A.
I solved this PS question as follows,
Let's consider, production in 2007 = 100
In 2008 = 1.25*100 = 125
In 2009 = 1.2*125 = 150 (It say 120% times of 2008 production, not increased by 120%)
So percent difference to match with 2007 production
= (150 - 100)/150
= 33% (Approx.). Option A.
Has anyone another approach to solve this PS question? Regards!
A. 33%
B. 45%
C. 50%
D. 64%
E. 67%
The OA is A.
I solved this PS question as follows,
Let's consider, production in 2007 = 100
In 2008 = 1.25*100 = 125
In 2009 = 1.2*125 = 150 (It say 120% times of 2008 production, not increased by 120%)
So percent difference to match with 2007 production
= (150 - 100)/150
= 33% (Approx.). Option A.
Has anyone another approach to solve this PS question? Regards!
