Question 98

Read the data and answer the given Questions


If the imports In 2012 was Rs. 1100 crores and the total exports In the years 2012 and 2013 together was Rs. 6000 crores, then the imports in 2013 was? 

Solution

Let Exports in 2012 = Rs. $$x$$ crore and exports in 2013 = Rs. $$(6000 - x)$$ crore

Ratio of imports to exports in 2012 = $$\frac{1100}{x} = 0.7$$

=> $$x = \frac{1100}{0.7} = $$Rs. $$\frac{11000}{7}$$ crore

=> Exports in 2013 = $$6000 - \frac{11000}{7} = $$Rs. $$\frac{31000}{7}$$ crore

Let imports in 2013 = Rs. $$y$$ crore

Ratio of imports and exports in 2013 = $$\frac{y}{\frac{31000}{7}} = 1.2$$

=> $$y = \frac{31000}{7} \times 1.2 \approx$$ Rs. $$5314$$ crore


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