Comprehension

Refer the graph below to answer these type of questions
Quarterly Profit Departmental Store Graph

Question: 1

Approximately, what was the actual profit made by the Department Store in the second quarter of 1999?

Updated On: Oct 1, 2024
  • Rs. 160 lakh
  • Rs. 170 lakh
  • Rs. 180 lakh
  • Rs. 210 lakh
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The Correct Option is A

Solution and Explanation

The correct option is (A): 160 lakh
The graph indicates that the actual profit earned by the Department Store in the second quarter of 1999 is approximately Rs 160 lakh.

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Question: 2

In which of the following quarters, did the Departmental Store make the least amount of profits?

Updated On: Oct 1, 2024
  • Third quarter of 2000
  • Second quarter of 1999
  • First quarter of 1999
  • Third quarter of 1998
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The Correct Option is D

Solution and Explanation

The correct option is (D): Third quarter of 1998
The profits earned by the Department Store in various quarters are:
3rd quarter of 2000 - 230 lakhs
2nd quarter of 1999 - 160 lakhs 
1st quarter of 1999 - 150 lakhs
3rd quarter of 1998 - 70 lakhs

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Question: 3

During the period 1998-2000, how many quarters exceeded the profit of Rs. 150 lakh?

Updated On: Oct 1, 2024
  • 6
  • 5
  • 4
  • 3
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The Correct Option is A

Solution and Explanation

The correct option is (A): 6
The quarters which exceeded 150 lakhs were 2nd,3rd,4th quarters of 1999 and 2nd,3rd, 4th quarters of 2000
Hence total 6 quarters exceeded the profit of Rs. 150 lakhs.

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Question: 4

In the year 2000, total profit made by the Departmental Store was approximately

Updated On: Oct 1, 2024
  • Rs. 540 lakh
  • Rs. 630 lakh
  • Rs. 720 lakh
  • Rs. 770 lakh
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The Correct Option is D

Solution and Explanation

The correct option is (D): 770 lakh
1st quarter of 2000 = 150
2nd quarter of 2000 =180 
3rd quarter of 2000 = 210 
4th quarter of 2000 = 230 
Total = 150+180+210+230= 770 lakhs

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Question: 5

The total annual profit made by the Departmental Store increased by approximately what percent from 1997 to 2000?

Updated On: Oct 1, 2024
  • 40\(\%\)
  • 50\(\%\)
  • 90\(\%\)
  • 120\(\%\)
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The Correct Option is C

Solution and Explanation

The correct option is (C): 90\(\%\)
The total annual profit made by the Departmental Store increased by approximately \(90\%\) from 1997 to 2000.

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