Question
Download Solution PDFComprehension
The pie shows the percentage distribution of the total number of products manufactured in five different companies [P, Q, R, S and T] in 2022.
The pie shows the percentage distribution of the total number of products sold by Same five companies in 2022.
Note – Value first pie chart is 20000 and value of 2nd pie chart is 12000
In 2023, the number of products manufactured by P increased by 37.5% compared to 2022. If the unsold quantity remained the same in both years, find the percentage increase in products sold by P in 2023 compared to 2022?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFCommon Calculation
|
Company |
Product manufactured in 2022 |
Product Sold in 2022 |
Product unsold in 2022 |
|
P |
20000 × [20 /100] = 4000 |
12000 × [15/100] = 1800 |
4000 – 1800 = 2200 |
|
Q |
20000 × [15/100] = 3000 |
12000 × [18/100] = 2160 |
3000 – 2160 = 840 |
|
R |
5000 |
3480 |
1520 |
|
S |
2000 |
1440 |
560 |
|
T |
6000 |
3120 |
2880 |
Calculation
P manufactured in 2022 = 4,000
→ In 2023, 37.5% increase:
So, In 2023 product manufactured is 4000 × 1.375 = 5500
Unsold stays the same: 2,200
So, Sold in 2023 = 5500 - 2200 = 3300
Sold in 2022 = 1800
% Increase:
[(3300−1800)/1800] × 100 = [1500/1800] × 100 = 83.33%
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