Direction: Study the following graphs carefully and answer the questions given below:
-
Approximately what was the average expenditure of the given years?
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- $ 110 Million
- $ 130 Million
- $ 120 Million
- $ 140 Million
- Data inadequate
Correct Option: B
Total expenditure in 6 years = ( expenditure in 1993 + expenditure in 1994 + expenditure in 1995 + expenditure in 1996 + expenditure in 1997 + expenditure in 1998 ).
As we can see in the given graph that,
Income in 1993 = 120
Profit = 7.5 %
Then Expenditure in 1993 = 120 X 100 / 107.5
Similarly
Expenditure in 1994 = 160 X 100 / 115
Expenditure in 1995 = 130 X 100 / 122.5
Expenditure in 1996 = 170 X 100 / 117.5
Expenditure in 1997 = 190 X 100 / 120
Expenditure in 1998 = 150 X 100 / 127.5
Total Expenditure in 6 years = ( 120 X 100 / 107.5 ) + ( 160 X 100 / 115 ) + ( 130 X 100/122.5 ) + ( 170 X 100 / 117.5 ) + ( 190 X 110 / 120 ) + ( 150 X 100/127.5 )
Total Expenditure in 6 years = 111.6 2 +139.13 + 106.16 + 144.68 + 158.33 + 117.64
Total Expenditure in 6 years = 777.56
Average expenditure per years = 777.56 / 6 = 12 .59 ≈ $ 130 Million
