The trend analysis report of Doppler Ltd is given below: $\begin{array}{|l|l|l|l|l|l|}
\hline\text { (in millions) } & 2020 & 2019 & 2018 & 2017 & 2016 \
\hline \text { Profit } & \$ 670 & \$ 602 & \$ 460 & \$ 407 & \$ 402 \
\hline \text { Trend percentages } & 167 & 150 & 114 & 101 & 100\\hline
\end{array}$ Which of the following is a correct conclusion from the above analysis?
A)Profit for the year 2018 has decreased by 14% over that for the year 2016.
B)Profit for the year 2018 has increased by 14% over that for the year 2016.
C)Profit for the year 2018 has decreased by 114% over that for the year 2016.
D)Profit for the year 2018 has increased by 114% over that for the year 2016.

Question

Quizplus · Accepted Answer

The trend percentage for 2018 is 114, which means that the profit in 2018 is 114% of the profit in 2016. Therefore, the profit in 2018 has increased by 14% over that for the year 2016.

The Trend Analysis Report of Doppler Ltd Is Given Below