All Exams Test series for 1 year @ ₹349 only
Question

The following embodies the details about the production and profit of two items I and II by seven different companies. A-G. Cost of the total production of both items together by seven companies is Rs. 25 crores. Based on the data in the table, answer the question.

Company-wise Production and profit details

CompanyPercentage(%) of Total ProductionRatio of production between Items I and IIPercent (%) Profit Earned for
Items IItems II
A15%2 : 325%20%
B11%3 : 232%35%
C22%4 : 120%22%
D8%3 : 515%25%
E27%5 : 328%30%
F5%1 : 435%25%
G12%1 : 230%24%

What is the sum total of the cost of production of item I by company A and the cost of production of item II by company B?

The correct answer is

2.6 Crores

Let's break down the problem to find the cost of production for Item I by company A and Item II by company B based on the given data. The total cost of production for both items combined across all seven companies is Rs. 25 crores.

Understanding the Company Production Data

The table provides crucial information for each company (A-G):

  • The percentage of the total production cost that each company accounts for.
  • The ratio in which each company divides its production cost between Item I and Item II.
  • The profit percentage earned on each item. (Note: Profit information is not needed to answer this specific question about production cost).
Company Percentage (%) of Total Production Ratio of production between Items I and II Percent (%) Profit Earned for Item I Percent (%) Profit Earned for Item II
A 15% 2 : 3 25% 20%
B 11% 3 : 2 32% 35%
C 22% 4 : 1 20% 22%
D 8% 3 : 5 15% 25%
E 27% 5 : 3 28% 30%
F 5% 1 : 4 35% 25%
G 12% 1 : 2 30% 24%

The total cost of production for all companies together is Rs. 25 crores.

Total Cost = Rs. 25,00,00,000

Calculating Production Cost for Company A

First, we find the total production cost for Company A.

  • Company A's percentage of total production = 15%.
  • Total production cost for Company A = 15% of Total Cost
  • Total production cost for Company A = $\frac{15}{100} \times 25 \text{ crores}$
  • Total production cost for Company A = $0.15 \times 25 \text{ crores} = 3.75 \text{ crores}$

Next, we find the cost of production for Item I by Company A.

  • The ratio of production between Item I and Item II for Company A is 2 : 3.
  • The total parts in the ratio are $2 + 3 = 5$.
  • The cost of production for Item I is $\frac{2}{5}$ of the total production cost for Company A.
  • Cost of production for Item I by A = $\frac{2}{5} \times 3.75 \text{ crores}$
  • Cost of production for Item I by A = $0.4 \times 3.75 \text{ crores} = 1.5 \text{ crores}$

Calculating Production Cost for Company B

Now, we find the total production cost for Company B.

  • Company B's percentage of total production = 11%.
  • Total production cost for Company B = 11% of Total Cost
  • Total production cost for Company B = $\frac{11}{100} \times 25 \text{ crores}$
  • Total production cost for Company B = $0.11 \times 25 \text{ crores} = 2.75 \text{ crores}$

Next, we find the cost of production for Item II by Company B.

  • The ratio of production between Item I and Item II for Company B is 3 : 2.
  • The total parts in the ratio are $3 + 2 = 5$.
  • The cost of production for Item II is $\frac{2}{5}$ of the total production cost for Company B.
  • Cost of production for Item II by B = $\frac{2}{5} \times 2.75 \text{ crores}$
  • Cost of production for Item II by B = $0.4 \times 2.75 \text{ crores} = 1.1 \text{ crores}$

Finding the Sum Total of Production Costs

The question asks for the sum total of the cost of production of Item I by company A and the cost of production of Item II by company B.

  • Sum = (Cost of production for Item I by A) + (Cost of production for Item II by B)
  • Sum = 1.5 crores + 1.1 crores
  • Sum = 2.6 crores

The sum total of the cost of production of item I by company A and the cost of production of item II by company B is 2.6 crores.

Revision Table - Key Calculations

Calculation Company A Company B
Total Production Cost for Company 15% of 25 Cr = 3.75 Cr 11% of 25 Cr = 2.75 Cr
Production Ratio (I : II) 2 : 3 (Total 5 parts) 3 : 2 (Total 5 parts)
Cost of Item I Production (2/5) * 3.75 Cr = 1.5 Cr N/A (Calculated for Item II)
Cost of Item II Production N/A (Calculated for Item I) (2/5) * 2.75 Cr = 1.1 Cr
Required Sum 1.5 Cr (Item I by A) + 1.1 Cr (Item II by B) = 2.6 Cr

Additional Information - Data Interpretation

Data interpretation questions require careful reading of the provided information, often presented in tables or charts. The key is to extract the relevant data points and perform the necessary calculations based on percentages, ratios, averages, etc.

  • Percentages: A percentage represents a part out of a hundred. To find a percentage of a value, convert the percentage to a decimal or fraction and multiply by the value.
  • Ratios: A ratio expresses the relationship between two or more quantities. If a quantity is divided in a ratio A : B, the total parts are A + B. The first quantity is $\frac{A}{A+B}$ of the total, and the second is $\frac{B}{A+B}$ of the total.
  • Crores vs Lakhs: 1 crore = 100 lakhs = 10,000,000. It is important to pay attention to units in the question and options. In this case, the answer is in crores.
  • Step-by-step Approach: Break down complex problems into smaller, manageable steps. First, calculate company totals, then item-specific costs based on ratios, and finally, combine results as required.
Was this answer helpful?

Important Questions from Tabulation

  1. The table shows District-wise data of a number of primary school teachers posted in schools of a city.

    Study the table and answer the question:

    District

    Male teachers

    Female teachers

    East

    1650

    2375

    North

    1075

    2651

    West

    1280

    1520

    South

    1170

    1085

    Central

    690

    859


    What is the difference between the total number of male teachers in the districts East, North, West taken together and the total number of female teachers in the districts East and South?
  2. Table shows income (in Rs. ) received by 4 employees of a company during the month of December 2020 and all their income sources.

    Source

    Amit

    Suresh

    Nitin

    Varun

    Salary

    35000

    38500

    29000

    42000

    Arrears

    6000

    6300

    5000

    7500

    Bonus

    1000

    1100

    1000

    1240

    Overtime

    1800

    1950

    1400

    1500


    What is the ratio of salary of Varun to his income other than salary?
  3. Study the table and answer the question:

    Income (Rs.)

    No. of persons

    Less than 200

    12

    Less than 250

    26

    Less than 300

    34

    Less than 350

    40

    Less than 400

    50


    What is the percentage of persons earning Rs. 250 or more?
  4. The following table shows the annual profit of a company (in Rs. lakh).

    2014-2015

    2015-2016

    2016-0217

    2017-2018

    2018-2019

    625

    690

    725

    775

    815

    The period which has the maximum percentage increase in profit over the previous year is:

  5. The table given below shows the number of persons participating in a survey from 6 different states.

    States Persons 
    S1100
    S2200 
    S3400 
    S4500 
    S5600 
    S6800

    What is the ratio of number of person participating in a survey from state S3 to the number of person participating in a survey from state S4?

Need Expert Advice?

Start Your Preparation with Prepp Mobile App

Download the app from Google Play & App Store
Download the app from Google Play & App Store
Prepp Mobile App