Comprehension

The Following graphs represent Gross Receipts of all the major fast Food restaurants from 2001-2003. Use them to answer these questions:
Gross Receipts

Question: 1

The gross receipts for 2001 are approximately what percent of the gross receipts for all the three years?

Updated On: Sep 30, 2024
  • 30%
  • 46.3%
  • 46.7%
  • Cannot be determined
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The Correct Option is A

Solution and Explanation

Gross receipts for 2001 = Rs. 75,00,000 
Gross receipt for all three years = Rs. (75,00,000+85,50,000+81,00,000) = Rs. 2,41,50,000
Required percentage =\(\frac{7500000}{24150000}\times100\approx 30\%\)

The correct option is (A) : 30%

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Question: 2

Over all the three years, the average percentage of gross receipts for Crunchy Chop exceeds the average percentage of gross receipts for Pizza Pie by approximately

Updated On: Sep 30, 2024
  • 53%
  • 30%
  • 23%
  • 8%
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The Correct Option is B

Solution and Explanation

Gross receipts of Crunchy Chop over the years =\((\frac{46.3}{100}\times75,00000)\)+\((\frac{40.60}{100}\times85,50,000)\)+\((\frac{12.30}{100}\times81,00,000)\)
\(34,72,500 + 34,71,300 + 9,96,300 = 79,40,100\)
Gross receipts of Pizza Pie over the years =\((\frac{12.80}{100}\times75,00000) +(\frac{24.60}{100}\times75,00000)+(\frac{37}{100}\times81,00,000)\)
\(9,60,000 + 21,03,300 + 29,97,000 = 60,60,300\)
Required %=\(\frac{80,00,000-60,00,000}{60,00,000}\times 100\)
\(\frac{100}{3}=33.3\approx30\%\)
The correct option is (B) : 30%

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Question: 3

The gross receipts earned by the other restaurants in 2002 amount to precisely

Updated On: Sep 30, 2024
  • Rs. 18,10,650
  • Rs. 7,53,300
  • Rs. 5,47,500
  • Rs. 4,53,150
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The Correct Option is D

Solution and Explanation

Total gross receipts for 2002 = Rs. 85,50,000
Gross receipts earned by the other restaurants in 2002 =\(\frac{5.3}{100}\times85,50,000\)
= Rs. 4,53,150
The correct option is (D) : Rs. 4,53,150

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