The given bar graph shows a company's production (in lakhs) and sales (in ₹ crores) over 4 years (2015 to 2018). Answer the question given below based on the bar graph.
If in 2017, the items were sold at the same rate as in 2016, then what would be the value of sale in 2017?
In the given question, we need to determine the value of sales in 2017 if the items were sold at the same rate as in 2016. To solve this, follow the steps below:
- From the bar graph, identify the sales in 2016 and 2017 as provided (in ₹ crores).
- Identify the production values in 2016 and 2017 (in lakhs).
- Calculate the selling rate in 2016 using the formula:
- Assume the same selling rate is used in 2017. Hence, calculate the expected sales in 2017 using:
- Compare this value with the given options and select the correct one.
Given data from the bar graph:
- Sales in 2016: ₹210 crore
- Production in 2016: 10 lakhs
- Production in 2017: 10 lakhs
Let’s calculate the selling rate in 2016:
\[\text{Selling Rate (2016)} = \frac{210}{10} = 21 \text{ crore/lakh}\]Using the same rate for 2017, calculate the expected sales:
\[\text{Expected Sales in 2017} = 21 \times 10 = 210 \text{ crore}\]The expected value of sales in 2017 would be ₹210 crore. Therefore, the correct option is:
₹210 crore
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Important Questions from Bar Graph
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