Direction: Study the following graph and answer the given questions
-
What was the difference between the average amount invested in raw materials during the given period and the average value of sales of finished goods during this period?
-
- $ 62.5 lakhs
- $ 68.5 lakhs
- $ 71.5 lakhs
- $ 77.5 lakhs
Correct Option: D
From the given bar diagram , we see
Total amount invested in raw materials in given years = 120 + 225 + 375 + 330 + 252 + 420 = 1995
Number of given years = 6
| Average of total investment = | Number of given years |
| Average of total investment = | = $ 332.5 lakhs | 6 |
Total value of sales of finished goods in given years = 200 + 300 + 500 + 400 + 600 + 460 = 2460
Number of given years = 6
| Average value of sales = | Number of given years |
| Average value of sales = | = $ 410 lakhs | 6 |
Difference = Average value of sales - Average of total investment
Difference = 410 – 332.5 = 77.5 lakh
