Question: A company produces 500 units of a product in a day. If the production increases by 20% next month, how many units will be produced in that month?
Options:
600
550
500
700
Correct Answer: 600
Solution:
20% of 500 is 100. So, 500 + 100 = 600 units.
A company produces 500 units of a product in a day. If the production increases
Practice Questions
Q1
A company produces 500 units of a product in a day. If the production increases by 20% next month, how many units will be produced in that month?
600
550
500
700
Questions & Step-by-Step Solutions
A company produces 500 units of a product in a day. If the production increases by 20% next month, how many units will be produced in that month?
Step 1: Identify the current production amount, which is 500 units.
Step 2: Calculate 20% of 500 units. To do this, multiply 500 by 0.20 (which is the decimal form of 20%).
Step 3: 500 multiplied by 0.20 equals 100. This means the increase in production is 100 units.
Step 4: Add the increase (100 units) to the original production amount (500 units).
Step 5: 500 plus 100 equals 600 units. This is the new production amount for next month.
Percentage Increase – Understanding how to calculate a percentage increase on a given number.
Basic Arithmetic – Performing addition after calculating the percentage increase.
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