Question 98

Read the given data answer the questions

If the imports in 2012 was Rs. 1000 crores and the total exports in the years 2012 and 2013 together was Rs. 3600 crores, then the imports in 2013 was? 

Solution

Imports in 2012 = Rs. 1000 crores

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

Ratio of imports and exports in 2012 = 1.2

=> $$\frac{1000}{y} = 0.7$$

=> $$y = \frac{1000}{1.2} = 833.33$$

Total exports In the years 2012 and 2013 together = Rs. 3600 crores

=> Exports in 2013 = Rs. (3600 - 833.33) crores = Rs 2766.67 crores

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

Ratio of imports and exports in 2013 = $$\frac{x}{2766.67} = 0.8$$

=> $$x = 2766.67 \times 0.8 = 2213.336 \approx 2213$$

$$\therefore$$ Imports in 2013 was Rs. 2213 crores

=> Ans - (B)


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