Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Quantitative Reasoning

Topic

Data Interpretation & Stats

Question:

Study the Pie charts given below which shows the operating profit of a business for two years. On the basis of these pie charts answer the following questions.

If on an average 20% rate of interest was charged on borrowed funds, then the total borrowed funds used by the company in the given 2 years amounted to :

Options:

Rs 221 Lakhs

Rs 195 Lakhs

Rs 368 lakhs

Rs 515 Lakhs

Correct Answer:

Rs 515 Lakhs

Explanation:

As calculated in the previous question, total interest = (39 + 64) = Rs 103 lakh

Given that, this interest is calculated on 20% of the borrowed fund.Hence, borrowed funds = \(\frac{103 × 100}{20}\) = Rs 515 lakh.