Question 82
A company produces five different products. The sales of these five products (in lakh number of packs) during 2005 and 2010 are shown in the following bar – graph. Question is based on this graph. Sales (in lakh number of packs) of five different products of a company during 2005-2010.The sales of Products A in 2010 was by that percent more than the sales of Product B in 2010? (rounded off to the nearest integer)
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Step-by-step Solution:
Calculation Steps
Extract the 2010 Sales Data:
From the bar chart, we find the sales figures (in lakh packs) for 2010:
- Product A: 48.17
- Product B: 37.16
Calculate the Percentage Increase:
The formula for how much percent A is more than B is
((A - B) / B) * 100.
((48.17 - 37.16) / 37.16) * 100
= (11.01 / 37.16) * 100
≈ 29.63%
Round to the Nearest Integer:
Rounding the result to the nearest integer gives us:
30%
Final Answer: Based on the data in the chart, the sales of Product A in 2010 were approximately 30% more than the sales of Product B in 2010.