Question 98

Read the data and answer the given questions

If the Imports In 2012 was Rs. 1200 crores and the total exports In the years 2012 and 2013 together was Rs. 3200 crores, then the Imports in 2013 was? 

Solution

Imports in 2012 = Rs. 1200 crores

Let Exports in 2012 = Rs. $$y$$ crores

Ratio of imports and exports in 2012 = 0.8

=> $$\frac{1200}{y} = 0.8$$

=> $$y = \frac{1200}{0.8} = 1500$$

Total exports In the years 2012 and 2013 together = Rs. 3200 crores

=> Exports in 2013 = Rs. (3200 - 1500) crores = Rs. 1700 crores

Let imports in 2013 = Rs. $$x$$ crores

Ratio of imports and exports in 2013 = $$\frac{x}{1700} = 1.2$$

=> $$x = 1700 \times 1.2 = 20403$$

$$\therefore$$ Imports in 2013 was Rs. 2040 crores

=> Ans - (D)


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