Question Bank • QB_GA_ADV_118 MSQ • 2 Marks

Section 8: General Aptitude

Quantitative Aptitude

Subtopic: Data Interpretation

Question Statement:

The table below gives the revenue (in ext{Rs. } Lakhs) and expenditure (in ext{Rs. } Lakhs) of a state agro-processing corporation over four years: $\begin{array}{|c|c|c|} \hline \textbf{Year} & \textbf{Revenue ( ext{Rs. } Lakhs)} & \textbf{Expenditure ( ext{Rs. } Lakhs)} \\ \hline 2020 & 400 & 320 \\ 2021 & 500 & 380 \\ 2022 & 600 & 450 \\ 2023 & 750 & 540 \\ \hline \end{array}$ Profit is defined as $\text{Revenue} - \text{Expenditure}$, and Profit Margin as $\frac{\text{Profit}}{\text{Revenue}} \times 100\%$. Which of the following statements is/are TRUE?

Options:

  • (A) The absolute profit increased in every successive year from 2020 to 2023.
  • (B) The highest profit margin was achieved in the year 2023.
  • (C) The total expenditure over the 4-year period was ext{Rs. }$1,690\text{ Lakhs}$.
  • (D) In 2021, the profit margin was exactly $24.0\%$.

Answer Key:

A, B, C, D

Step-by-Step Solution & Explanation

**Method 1: Year-by-Year Financial Computation** - 2020: $\text{Profit} = 400 - 320 = 80\text{ Lakhs}$, $\text{Margin} = \frac{80}{400} \times 100 = 20.0\%$ - 2021: $\text{Profit} = 500 - 380 = 120\text{ Lakhs}$, $\text{Margin} = \frac{120}{500} \times 100 = 24.0\%$ - 2022: $\text{Profit} = 600 - 450 = 150\text{ Lakhs}$, $\text{Margin} = \frac{150}{600} \times 100 = 25.0\%$ - 2023: $\text{Profit} = 750 - 540 = 210\text{ Lakhs}$, $\text{Margin} = \frac{210}{750} \times 100 = 28.0\%$ Verification: - (A) Profits: 80, 120, 150, 210 strictly increase each year. True. - (B) Margins: 20%, 24%, 25%, 28%. The maximum is in 2023. True. - (C) Total expenditure $= 320 + 380 + 450 + 540 = 1,690\text{ Lakhs}$. True. - (D) In 2021, profit margin $= 24.0\%$. True. Therefore, all four statements **A**, **B**, **C**, and **D** are true.
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