Indian Institute of Foreign Trade 2009 Solved Paper

Question : 3 of 122

Marks: +1, -0

If the ratio of the domestic sale price of a commercial vehicle, a passenger vehicle, and a three wheeler is

5:3:2

then what percent of earnings (approximately) is contributed by commercial vehicle segment to the overall earnings from domestic sales during the period 2004-2008?

Validate

Solution:

Total commercial vehicles sold from the year 2004 to 2008

=450+500+625+600+550=2725

Total passenger vehicles sold from the year 2004 to 2008

=700+675+900+1050+975=4300

Total three wheelers sold from the year 2004 to 2008

=300+350+400+375+350=1775

Hence, the percent of earnings is contributed by commercial vehicle segment alone

=5×2725+{5×2725}/{3×4300}+2×1775×100=45.30%≈45%

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