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bhagya

· started a discussion

· 1 Months ago

problem reagading solution (Question: 112504.0 )

please provide the complete solution

Question:
DIRECTIONS: Study the following graph carefully and answer the questions that follow: 

 The following bar graph gives the total sales (in Rs. Crores) of watches sold by all the companies and the average selling price (in Rs. ) per watch sold by company XYZ.



The following table indicates the percentage market share of company XYZ and the profit as a percentage of its sales for the different years.

Years

Market share (by value)

Profit as a percentage of sales

1999

50%

12%

2000

40%

15%

2001

60%

10%

2002

37\(\frac{1}{2}\) %

20%

2003

33\(\frac{1}{2}\) %

15%

2004

45%

20%

2005

40%

16\(\frac{2}{3}\) %

2006

66\(\frac{2}{3}\) %

11%

2007

60%

16%

2008

50%

16%
If in the year 2005, the sales of watches of company XYZ form 25% by volume of the total sales of watches, then what is the average selling price per watch of all the other companies in that year?
Options:
A) Rs.200
B) Rs.2000
C) Rs.1500
D) Rs.150
E) None of these
Solution:

Sales of the company xyz in 2005 =  \(\cfrac{40}{100}\) × 4500 = 1800 crores

⇒ Number of watches sold =  \(\cfrac{1800}{3000}\) × 107 = 6 ×106     

The total watches sold in the market =  4 × 6 ×106

Let the average price of watches by all other companies be X

 \(\cfrac{(4500-1800)× 10^7}{x}\)  = 18 ×  106

⇒ X = Rs. 1500

kanhaiya jha

· commented

· 1 Months ago

Hi please click on report to view the detail solution...
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