Figure 3 depicts the pie chart indicating the percentage distribution of per unit steel price over the period of eight years from 2005 to 2012. The average per unit price of steel from 2005 to 2012 = Rs. 11. (Absolute per unit steel prices can be rounded off to nearest
integer value).
Figure 4 depicts the revenue & profit of a steel manufacturing company respectively. There is no fixed cost component and all units of steel produced is sold in the same year. Answer the questions given below:
In which of the follmowing year, the cost per unit of steel is the highest?
The pie graph shows the percentages of unit steel prices over the eight years from 2005 to 2012.
So, in 2006 it was 15.91%; in 2008, it was 13.64%; in 2009, it was 9.09%; and in 2011 it was 13.64%.
=> The prices across the 4 years will be 15.91x, 13.64x, 9.09x, and 13.64x
=> The highest price will be in 2006.
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