The Table given below presents the annual expenses(in thousands) on various heads made by a firm during 2006-2010. By how much percentage (correct up to two decimal places) is the average expenditure on purchases more than the average expenditure on rent?
|
Year |
Particulars |
||||
|
Purchases |
Wages |
Rent |
Interest |
Delivery |
|
|
2006 |
23500 |
35000 |
40000 |
16000 |
16000 |
|
2007 |
28500 |
24000 |
34000 |
14000 |
18000 |
|
2008 |
38500 |
30000 |
36000 |
22000 |
22000 |
|
2009 |
41000 |
36000 |
20000 |
18000 |
22000 |
|
2010 |
50000 |
40000 |
28000 |
16000 |
26000 |
Answer & explanation
Correct answer: option 4
Average expenditure on Purchase = \(\frac{23500+28500+38500+41000+50000 }{5}\)
= \(\frac{ 181500 }{5}\)
= 36300
Average expenditure on Rent = \(\frac{40000+34000+36000+20000+28000 }{5}\)
= \(\frac{ 158000 }{5}\)
= 31600
Required percentage = \(\frac{36300 - 31600 }{31600}\) × 100
= \(\frac{47000 }{31600}\) × 100
= 14.87%