Practice30Create account

A soap brand held 15% of a town's market in 2022. In 2023 its market share grew by 40%. By how many percentage points did its share rise?

Competition practicePercentage
  • A6 percentage points
  • B40 percentage points
  • C21 percentage points
  • D60 percentage points

Step-by-Step Solution

'Grew by 40%' means the share was multiplied by 1.40, so the new share is %. The rise is therefore 21 - 15 = 6 percentage points. '40 percentage points' is the trap of confusing a per cent GROWTH with a rise in percentage POINTS. '21 percentage points' quotes the new share instead of the rise, and '60 percentage points' is with the decimal point slipped.
Answer: A) 6 percentage points

Master this topic in 30 minutes a day.

Don't just memorise the answer — build a daily practice habit.

Practice 5 Similar Questions Free →

All Percentage practice questions

More Percentage practice

The count of tax returns filed online this year is 37.5% higher than last year's count.…A hostel has 900 residents. 40% of them come from the state the hostel stands in, and…A company increased its workforce by 35% for a busy phase, and later cut the enlarged…In a survey of 1,500 commuters, 46% use a bus, 34% use a two-wheeler and the rest walk.…The monthly rent of a shop was raised by 15%, and six months later by a further 10%,…