Study the given graph and answer the question that follows.
The graph shows the total cost and sales values (in lakhs) of five products manufactured by a company.
In which product has the company earned maximum profit?
Understanding Product Profit Calculation
Profit for a product is determined by subtracting its total cost value from its total sales value. The formula is:
$ \text{Profit} = \text{Sales Value} - \text{Cost Value} $
We need to calculate the profit for each of the five products (V, W, X, Y, Z) shown in the graph data.
Calculating Profit for Each Product
The costs and sales values are given in lakhs. Let's calculate the profit for each product:
| Product | Cost Value (lakhs) | Sales Value (lakhs) | Calculated Profit (lakhs) |
|---|---|---|---|
| V | 65 | 78 | $78 - 65 = 13$ |
| W | 60 | 85.5 | $85.5 - 60 = 25.5$ |
| X | 75 | 69 | $69 - 75 = -6$ (Loss) |
| Y | 80 | 92 | $92 - 80 = 12$ |
| Z | 70 | 77 | $77 - 70 = 7$ |
Identifying Maximum Profit Product
By comparing the calculated profits for all products:
- Product V: Profit = 13 lakhs
- Product W: Profit = 25.5 lakhs
- Product X: Profit = -6 lakhs (Loss)
- Product Y: Profit = 12 lakhs
- Product Z: Profit = 7 lakhs
The highest profit among all products is 25.5 lakhs.
Therefore, Product W has earned the maximum profit.
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