Question 98

Refer the below data table and answer the following Question.

If the imports In 2012 was Rs. 1000 crores and the total exports in the years 2012 and 2013 together was Rs 4800 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 = 1.1

=> $$\frac{1000}{y} = 1.1$$

=> $$y = \frac{1000}{1.1} = 909.09$$

Total exports In the years 2012 and 2013 together = Rs. 4800 crores

=> Exports in 2013 = Rs. (4800 - 909.09) crores = Rs. 3890.91 crores

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

Ratio of imports and exports in 2013 = $$\frac{x}{3890.91} = 1.5$$

=> $$x = 3890.91 \times 1.5 = 5836.365 \approx 5836$$

$$\therefore$$ Imports in 2013 was Rs. 5836 crores

=> Ans - (B)


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