IIFT 2012 Question Paper Question 1

Instructions

Analyse the following chart showing the exports and imports of Sono Ltd. and answer the questions based on this chart

Question 1

Approximately by what percentage are the total Exports greater/ smaller than the total imports for the given period?

Solution

Total Imports during the given period = $$275+250+225+225+275+200+175+175+200+175 = 2175$$
Total Exports during the given period = $$112.5+150+150+275+200+175+200+200+262.5+250 = 1975$$
Thus, Total exports is smaller than Total imports by $$\dfrac{2175-1975}{2175} \approx 9\%$$
Hence, option C is the correct answer.