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If the production target of all the vehicles together in 2008 is 20% more than the production in 2007. Then what is the percentage deficit in 2008 with respect to the targer, if the number of vehicles produced in 2008 is 520 thousand?

A.	Lies between 4% and 5%	B.	Less than 3%
C.	Greater than 5%	D.	Lies between 3% and 4%
E.	None of these

Answer and Explanation

Answer:Lies between 3% and 4%

Explanation:
Total number of units produced in 2007 is 450 thousands
=> Target in 2008 = 450 x (100 x 20/100)
=> 450 x 1.2 = 540 thousand
=> Deficit = target – actual produced = 540 – 520 = 20
=> Percentage deficit = 20/540 x 100 = 1/27 x 100 < 4% and > 3%

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