Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Quantitative Reasoning

Topic

Data Interpretation & Stats

Question:

Out of the two bar graphs provided below, one shows the amounts (₹ in Lakhs) invested by a company in purchasing raw materials over the years and the other shows the values (₹ in Lakhs)of finished goods sold by the company over the years.

What was the difference between the average amount invested in raw materials during 1997 to 2000 and the average value of sales of finished goods during the same period 1997 to 2000?

Options:

76.5 lakhs

77.5 lakhs

87.5 lakhs

70.5 lakhs

Correct Answer:

77.5 lakhs

Explanation:

Average amount invested in raw materials during 1997 to 2000

= \(\frac{375 + 330 + 525 + 420}{4}\)

= \(\frac{ 1650}{4}\)

= 412.5

average value of sales of finished goods during 1997 to 2000

= \(\frac{500 + 400 + 600 + 460}{4}\)

= \(\frac{ 1960}{4}\)

= 490

Difference = 490 - 412.5 = 77.5 lakh