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.

Profitability is non-decreasing during the five years from 1994-95 to 1998-99.

Profitability is non-increasing during the five years from 1994-95 to 1998-99.

Profitability remained constant during the five years from 1994-95 to 1998-99.

None of the above

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