Instructions

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

Question 15

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

Solution

Gross receipts of Crunchy Chop over the years = $$(\frac{46.3}{100}\times75,00,000)+(\frac{40.60}{100}\times85,50,000)+(\frac{12.30}{100}\times81,00,000)$$

= $$34,72,500+34,71,300+9,96,300=79,40,100$$

Gross receipts of Pizza Pie over the years = $$(\frac{12.80}{100}\times75,00,000)+(\frac{24.60}{100}\times85,50,000)+(\frac{37}{100}\times81,00,000)$$

= $$9,60,000+21,03,300+29,97,000=60,60,300$$

=> Required % $$\approx\frac{(80,00,000-60,00,000)}{60,00,000}\times100$$

= $$\frac{100}{3}=33.3\approx30\%$$

=> Ans - (B)

Your Doubts

Ask a Doubt (know more)

Drop Your File Here!

** You can Drag and Drop an Image in the above textarea
add image

Create a FREE account and get:

  • All Quant Formulas and Shortcuts PDF
  • 100+ previous papers with solutions PDF
  • Top 5000+ MBA exam Solved Questions for Free

cracku

Boost your Prep!

Download App