Instructions

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:

Question 101

# Compared to January, the price of carnations in December

Solution

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

Sales of carnations in January = 13848 dozens

Price of carnation  per dozen  in January =2181084/13848

= 157.5

Similarly In December

Average consumer expenditure on Roses and carnations = 56.4

Total expenditure on both carnations and roses = 56.4*70000

= 3948000

Given total expenditure on roses = 977688

So the total expenditure on carnations = 3948000 - 977688

= 2970312

Sales of carnations  = 18859 dozens

Price of carnation  per dozen  in January =2970312/18859

= 157.5

Therefore the price did not change

Hence E is the correct answer