Comprehension
Consider the following graph where the prices of timber are given, for the period 1997-2003. The prices for plywood and sawn timber are given in Rs. 1 ton while the price of logs is given in Rs per cubic meter. Assume 1 ton is equal to 1,000 kg and one cubic meter of Log weighs 800 kg.
Question: 1
Which product had the largest percentage increase in price per cubic meter over the 7-year period?
Which product had the largest percentage increase in price per cubic meter over the 7-year period?
Updated On: Oct 7, 2024
- Sawn timber
- Logs
- Plywood
- Cannot be determined
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The Correct Option is B
Solution and Explanation
The correct option is (B): Logs
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Question: 2
The maximum increase in price per cubic metre for any product over any two successive years was
The maximum increase in price per cubic metre for any product over any two successive years was
Updated On: Oct 7, 2024
- Rs 2,500
- Rs 3,125
- Rs 2,000
- Rs 4,125
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The Correct Option is A
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The correct option is (A): Rs 2,500
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Question: 3
In 2003, the total sales of the company measured in cubic metres was made up of 40% plywood, 30% sawn timber and 30% logs.
The average realisation per cubic metre in 2003 was closest to
In 2003, the total sales of the company measured in cubic metres was made up of 40% plywood, 30% sawn timber and 30% logs.
The average realisation per cubic metre in 2003 was closest to
The average realisation per cubic metre in 2003 was closest to
Updated On: Oct 7, 2024
- Rs 16,500
- Rs 13,500
- Rs 15,000
- Rs 18,000
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The Correct Option is C
Solution and Explanation
The correct option is (C): Rs 15,000
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Question: 4
In 2004, the prices of plywood, sawn timber and logs went up by 5%, 1% and 10%, respectively, and the total sales were made up of 40% plywood, 30% sawn timber and 30% logs. The average realisation per cubic metre in 2004 was closest to
In 2004, the prices of plywood, sawn timber and logs went up by 5%, 1% and 10%, respectively, and the total sales were made up of 40% plywood, 30% sawn timber and 30% logs. The average realisation per cubic metre in 2004 was closest to
Updated On: Oct 7, 2024
- Rs 15,500
- Rs 16,500
- Rs 14,500
- Rs 18,500
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The Correct Option is B
Solution and Explanation
The correct option is (B): Rs 16,500
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