Question

Answer the questions based on the following information.

     Given below are two tables. Table I shows the % market share of five wheat producing firms – A, B, C, D and E. in total sales revenue. Table II shows the % market share of A, B, C, D and E in quantity of wheat sold.

     It is known that the total sales revenue was 2643 million rupees while total quantity sold was 1.65 million tonites.

Table I. (% SALES REVENUE)
Firm	Percentage
A	30
B	16
C	23
D	27
E	4

 

Table II. (% Quantity)
Firm	Percentage
A	32
B	18
C	19
D	26
E	5

Find the price of wheat in (₹/kg) for firm D.

Options

• ₹ 2.8

• ₹ 5.3

• ₹ 1.6

• None of these

Answer 1

₹ 1.6

Explanation:

Sales Revenue in case of D = 27% of ₹ 2643 million

Quantity = 26% of 1.65 million tonnes or 1650 million kg

We know, 1 million = 10,00,000

Price/kg for D = `(27/100 xx 2643 xx 10,00,000)/(26/100 xx 1650 xx 10,00,000)`

= `(27 xx 2643)/(26 xx 1650)`

= ₹ 1.663/kg