If the industry sectors are ranked on the basis of 'Tax paid as a proportion of sales' in the ascending order, then which industry will be placed at rank 3?
Show Hint
- Machinery
- Electricity
- Diversified
- Food
The Correct Option is C
Solution and Explanation
Calculate Tax/Sales:
Machinery: \( \frac{5,001}{67,005} \approx 0.0746 \)
Electricity: \( \frac{2,394}{82,308} \approx 0.029 \)
Diversified: \( \frac{2,394}{128,125} \approx 0.0187 \)
Food: \( \frac{7,467}{98,476} \approx 0.0758 \) Order: Diversified<Electricity<Machinery<Food So rank 3 goes to: Diversified
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