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Direction.

Directions: These questions are based on the situation given below: The figure below presents sales and net profit, in Rs. Crores, of IVP Ltd for the five years from 1994-95 to 1998-99. During this period, the sales increased from Rs. 100 Crores to Rs. 680 Crores. Correspondingly, the net profit increased from Rs. 2 Crores to Rs. 12 Crores. Net profit is defined as the excess of sales over total costs.

What is the correct answer?

4

Defining profitability as the ratio of net profit to sales, IVP Ltd. recorded the highest profitability in

A. 1998-99

B. 1997-98

C. 1994-95

D. 1996-97