The total exports and revenues from the exports of a country are given in the two charts shown below. The pie chart for exports shows the quantity of each item exported as a percentage of the total quantity of exports. The pie chart for the revenues shows the percentage of the total revenue generated through export of each item. The total quantity of exports of all the items is 500 thousand tonnes and the total revenues are 250 crore rupees. Which item among the following has generated the maximum revenue per kg?
The total exports and revenues from the exports of a country are given in the two charts shown below. The pie chart for exports shows the quantity of each item exported as a percentage of the total quantity of exports. The pie chart for the revenues shows the percentage of the total revenue generated through export of each item. The total quantity of exports of all the items is 500 thousand tonnes and the total revenues are 250 crore rupees. Which item among the following has generated the maximum revenue per kg? Correct Answer Item 5
Given:
The total quantity of exports of all the items = 500 thousand tonnes
The total revenues = 250 crore rupees
Calculation:
Total revenue for item 1 = 12% × 250 × 108 = 3 × 108 rupees
Total export for item 1 = 11% × 500 × 106 = 55 × 106 kg
Item1revenue per kg = (3/55) × 102 = 5.45 rupees
Total revenue for item 2 = 20% × 250 × 108 = 5 × 109 rupees
Total export for item 2 = 20% × 500 × 106 = 108 kg
Item 2 revenue per kg = 50 rupees
Total revenue for item 3 = 23% × 250 × 108 = 575 × 107
Total export for item 3 = 19% × 500 × 106 = 95 × 106
Item 3 revenue per kg = 60. 52 rupees
Total revenue for item 4 = 6% × 250 × 108 = 15 × 108
Total export for item 4 = 22% × 500 × 106 = 11 × 107
Item 4 revenue per kg = 13.63 rupees
Total revenue for item 5 = 20% × 250 × 108 = 5 × 109 rupees
Total export for item 5 = 12% × 500 × 106 = 6 × 107 rupees
Item 5 revenue per kg = 83.33 rupees
Total revenue for item 6 = 19% × 250 × 108 = 475 × 107 rupees
Total export for item 6 = 16% × 500 × 106 = 8 × 107 rupees
Item 6 revenue per kg = 59.375 rupees
∴ Item 5 has generated the maximum revenue per kg