Instructions

Answer the questions based on the following two graphs, assuming that there is no fixed cost component and all the units produced are sold in the same year.


Year wise graph of price of a unit

Year wise graph of revenue and total profit.

Question 82

What is the approximate average quantity sold during the period 2000-2010?

Solution

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Let's calculate No of Units as Revenue / Unit price.

Per Unit cost as (Revenue - Profit ) / No of Units.

In that way, we calculate the table as follows.


Average quantity sold =Sum of the quantities sold  / No of years.

=70+100+100+75+100+50+20+50+60+80+60/11

=69.5

=Approx 70

Hence B is the correct answer.

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