Please enter the following details
based on the information given below.
The retail prices of flowers, consumer expenditure on flowers and sales of flowers for the calendar year 2009, in Phoolgaon, a small town with a population of 70000, is summarized in table 3:
Total population = 70000
Average consumer expenditure on Roses and carnations = 47.4
Total expenditure on both carnations and roses = 47.4*70000
                                    = 3318000
Given total expenditure on roses = 1136916
So the total expenditure on carnations = 3318000 - 1136916
                              = 2181084
Similarly in the month of MarchÂ
Average consumer expenditure on Roses and carnations = 49.5
Total expenditure on both carnations and roses = 49.5 *70000
                                    = 3465000
Given total expenditure on roses = 1137915
So the total expenditure on carnations = 3465000Â - 1137915
                              = 2327085
Percentage increase in Expenditure = (2327085-2181084)/2181084
=6.69%
Hence C is the correct answer
Create a FREE account and get:
- All Quant Formulas and shortcuts PDF
- 15 XAT previous papers with solutions PDF
- XAT Trial Classes for FREE
