Instructions
Year wise graph of price of a unit
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
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.
=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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