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Export of tinsExport of tins01002003004005001995199619971998199910075150160200Quantity (lakh…

The chart shows that in 1997, 150 lakh tins were exported for 330 crore rupees, so the rate was \(330 \div 150 = 2.2\) crore rupees per lakh tins. In 1998, 160 lakh tins…

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Export of tinsExport of tins01002003004005001995199619971998199910075150160200Quantity (lakh tins)150150330400500Value (₹ crores)

If in 1998, the tins were exported at the same rate per tin as that in 1997, what would be the value (in crores of rupees) of export in 1998 ?

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Correct answer C

The chart shows that in 1997, 150 lakh tins were exported for 330 crore rupees, so the rate was 330÷150=2.2330 \div 150 = 2.2 crore rupees per lakh tins. In 1998, 160 lakh tins were exported, and at the 1997 rate they would be worth 160×2.2=352160 \times 2.2 = 352 crore rupees. The figure of 400 crore is the actual 1998 value shown in the chart, not the value at the 1997 rate, and 330 crore is simply the 1997 value.

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