Question
Download Solution PDFDirections:
Study the following Line-chart and the data provided to answer the questions that follow:
Sales of 3-different companies A, B and C selling mobiles for the given years 2001, 2011, 2021 and 2031. (in thousands)
How much percentage company B has sold more than that of company A over all the given years. (Up to two decimals)
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Sales (in thousands):
Company A: 2001 = 650, 2011 = 700, 2021 = 900, 2031 = 850
Company B: 2001 = 700, 2011 = 850, 2021 = 1150, 2031 = 1000
Formula Used:
Total Sale = Sum of sales over all years
Percentage more = [(Total Sale of B - Total Sale of A) / Total Sale of A] × 100
Calculations:
Total Sale of A = 650 + 700 + 900 + 850 = 3100 thousand
Total Sale of B = 700 + 850 + 1150 + 1000 = 3700 thousand
Difference in Total Sale = 3700 - 3100 = 600 thousand
Percentage more = (600 / 3100) × 100
⇒ Percentage more = 19.35%
∴ Company B has sold 19.35% more than Company A over all the given years.
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