A shaving set company sells 4 different types of razors, Elegance, Smooth, Soft and Executive. Elegance sells at Rs. 48, Smooth at Rs. 63, Soft at Rs. 78 and Executive at Rs. 173 per piece. The table below shows the numbers of each razor sold in each quarter of a year. Quarter/Product Elegance Smooth Soft Executive Q1 27300 20009 17602 9999 Q2 25222 19392 18445 8942 Q3 28976 22429 19544 10234 Q4 21012 18229 16595 10109 Which product contributes the greatest fraction to the revenue of the company in that year?
A shaving set company sells 4 different types of razors, Elegance, Smooth, Soft and Executive. Elegance sells at Rs. 48, Smooth at Rs. 63, Soft at Rs. 78 and Executive at Rs. 173 per piece. The table below shows the numbers of each razor sold in each quarter of a year. Quarter/Product Elegance Smooth Soft Executive Q1 27300 20009 17602 9999 Q2 25222 19392 18445 8942 Q3 28976 22429 19544 10234 Q4 21012 18229 16595 10109 Which product contributes the greatest fraction to the revenue of the company in that year? Correct Answer Executive
Elegance sells at Rs. 48, Smooth at Rs. 63, Soft at Rs. 78 and Executive at Rs. 173 per piece.
From the table,
Number of Elegance razor sold in a year = 27300 + 25222 + 28976 + 21012 = 102510
Number of Smooth razor sold in a year = 20009 + 19392 + 22429 + 18229 = 80059
Number of Soft razor sold in a year = 17602 + 18445 + 19544 + 16595 = 72186
Number of Executive razor sold in a year = 9999 + 8942 + 10234 + 10109 = 39284
Revenue earned by selling Elegance razor = 102510 × 48 = Rs. 4920480
Revenue earned by selling Smooth razor = 80059 × 63 = Rs. 5043717
Revenue earned by selling Soft razor = 72186 × 78 = Rs. 5630508
Revenue earned by selling Executive razor = Rs. 6796132
Thus, Executive razor contributes the greatest fraction to the revenue of the company in that year.