NIACL Model Paper 10 with solutions for free online practice

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Directions (56-60) : Study the following graphs carefully to answer these questions.
Quantity of various items produced and the amount earned by selling themQuantity produced Total = 2000 tons

Income by selling the products Total = Rs. 45 millions

Question : 56 of 100

Marks: +1, -0

If the expenditure incurred in production of product ‘C’ per ton was Rs. 16000, what was the per cent profit earned ?

12.5
11.11
12.25
11.28
None of these

Validate

Solution:

1) Quantity of item ‘C’ produced
= 15% of 2000 = 300 tons
Expenditure incurred = Rs.

16000×300

= Rs. 48,00,000
Income earned = 12% of Rs. 45000000
= Rs. 54,00,000
Profit
= Rs.(5,40,0000 - 48,00,000)
= Rs. 600,000
∴ Profit %
=

600000/4800000× 100 =25/ 2

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