Comprehension
An Indian company, having its registered office at Gurugram, is engaged in manufacturing of consumer goods at Noida. The goods manufactured by the company are sold in Indian market and exported to Europe. Company produces five products namely "P','Cr,'R','S' and 'T. Total production of the company for the financial year 2021-22 is 3,000 tonnes and the turnover of the company is 50 million. An analysis of the production and net revenue generation shows that production of product '13' is 21% of the total production and 18% of the turnover is attributable to product '13'; production of is 16% of the total production and 17% of the turnover is attributable to 17; 'R' accounts for 18% of the total production and 20% of the turnover; 'S' accounts for 20% of the total production and 25% of the turnover, and; 'T' accounts for 25% of total production and 20% of turnover.
Question: 1

What is the percentage of profit earned from sale of 'R', if the expenditure incurred on production of 'R' is ₹ 15,000/- per tonne ?

Updated On: Jul 14, 2026
  • 20%
  • 23.46%
  • 26.55%
  • 25%
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The Correct Option is B

Solution and Explanation

Step 1: Production of R is 18% of 3,000 tonnes: \( 0.18 \times 3000 = 540 \) tonnes. Turnover from R is 20% of the total turnover of ₹5,00,00,000: \( 0.20 \times 5,00,00,000 = 1,00,00,000 \) rupees.

Step 2: Total expenditure on R at ₹15,000 per tonne is \( 540 \times 15000 = 81,00,000 \) rupees.

Step 3: Profit is revenue minus expenditure: \( 1,00,00,000 - 81,00,000 = 19,00,000 \) rupees.

Step 4: Profit percentage on cost is \( \frac{19,00,000}{81,00,000} \times 100 \approx 23.46\% \).
\[ \boxed{23.46\%} \]
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Question: 2

Which product has the highest selling price per tonne?

Updated On: Jul 14, 2026
  • Q
  • R
  • S
  • T
Show Solution

The Correct Option is C

Solution and Explanation

Step 1: Selling price per tonne for a product equals its turnover divided by its production quantity. Using the total production of 3,000 tonnes and total turnover of ₹5,00,00,000, find each product's actual production and turnover.

Step 2: For Q: production is \( 0.16 \times 3000 = 480 \) tonnes and turnover is \( 0.17 \times 5,00,00,000 = 85,00,000 \), giving a price of about \( 85,00,000 / 480 \approx 17,708 \) rupees per tonne.

Step 3: For R: production 540 tonnes, turnover 1,00,00,000, giving about 18,519 rupees per tonne. For S: production 600 tonnes, turnover 1,25,00,000, giving about 20,833 rupees per tonne. For T: production 750 tonnes, turnover 1,00,00,000, giving about 13,333 rupees per tonne.

Step 4: Comparing all four computed prices, about 20,833 rupees per tonne for S is the highest.
\[ \boxed{S} \]
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Question: 3

How much loss is incurred to company, if the expenditure on production of was 20,000 per tonne?

Updated On: Jul 14, 2026
  • 5 million
  • 10 million
  • 4 million
  • 7 million
Show Solution

The Correct Option is A

Solution and Explanation

Step 1: Production of T is 25% of 3,000 tonnes: \( 0.25 \times 3000 = 750 \) tonnes. Turnover from T is 20% of the total turnover of ₹5,00,00,000: \( 0.20 \times 5,00,00,000 = 1,00,00,000 \) rupees.

Step 2: Total expenditure on T at ₹20,000 per tonne is \( 750 \times 20000 = 1,50,00,000 \) rupees.

Step 3: Loss is expenditure minus revenue: \( 1,50,00,000 - 1,00,00,000 = 50,00,000 \) rupees, which is 5 million.
\[ \boxed{50,00,000} \]
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Question: 4

What percentage of turnover of has to turnover of 'T' ?

Updated On: Jul 14, 2026
  • 100%
  • 75%
  • 50%
  • 60%
Show Solution

The Correct Option is A

Solution and Explanation

Step 1: R's turnover is 20% of the total turnover of ₹5,00,00,000, which is \( 0.20 \times 5,00,00,000 = 1,00,00,000 \) rupees.

Step 2: T's turnover is also 20% of the total turnover, which is likewise \( 0.20 \times 5,00,00,000 = 1,00,00,000 \) rupees.

Step 3: R's turnover as a percentage of T's turnover is \( \frac{1,00,00,000}{1,00,00,000} \times 100 \).
\[ \boxed{100\%} \]
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Question: 5

What is the average selling price per tonne of all products taken together ?

Updated On: Jul 14, 2026
  • ₹ 17,488
  • ₹ 17,667
  • ₹ 18,667
  • ₹ 16,667
Show Solution

The Correct Option is D

Solution and Explanation

Step 1: The average selling price per tonne across all products together is total turnover divided by total production.

Step 2: Total turnover is ₹5,00,00,000 (50 million) and total production is 3,000 tonnes.

Step 3: Dividing, \( 5,00,00,000 / 3000 \approx 16,666.67 \), which rounds to 16,667 rupees.
\[ \boxed{16,667} \]
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Top Questions on Statistical Estimation

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Passage (extract): The work which Gandhiji had taken up was not only regarding the achievement of political freedom but also the establishment of a new social order based on truth and non-violence, unity and peace, equality and universal brotherhood and maximum freedom for all. A new order cannot be established without radically changing the mind and attitude of men towards property and, at some stage or the other, the 'haves' have to yield place to the 'have-nots'. We have seen, in our time, attempts to achieve a kind of egalitarian society and the picture of it after it was achieved. But this was done, by and large, through the use of physical force. It may even be that, like a gas kept confined within containers under great pressure, or water held back by a big dam, once the barrier breaks, the reaction will one day sweep back with a violence equal in extent and intensity to what was used to establish and maintain the outward egalitarian form. This enforced egalitarianism contains, in its bosom, the seed of its own destruction. If egalitarianism is to endure, it has to be based not on the possession of the maximum material goods by a few or by all but on voluntary, enlightened renunciation of those goods which cannot be shared by others or can be enjoyed only at the expense of others.

According to the passage, egalitarianism will not survive if
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According to the passage, which was the unfinished part of Gandhi's experiment?
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Passage (extract): In the political struggle, the fight was against a foreign power and all one could do was either join it or wish it success and give it his/her moral support. Experience shows that man values his possessions even more than his life because in the former he sees the means for perpetuation and survival of his descendants even after his body is reduced to ashes. We have seen, in our time, attempts to achieve a kind of egalitarian society and the picture of it after it was achieved. But this was done, by and large, through the use of physical force. This enforced egalitarianism contains, in its bosom, the seed of its own destruction. The root cause of class conflict is possessiveness or the acquisitive instinct.

Which of the following statements is 'not true' in the context of the passage?
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