Following expenditure was incurred by a company under different heads: Year Salary Cost of components Power Interest Taxes 2000 288 296 26.4 12.2 32.0 2001 299 332 28.4 14.2 34.6 2002 298 382 26.2…
Question and options
Following expenditure was incurred by a company under different heads:
What is the approximate ratio between total tax paid and cost of components over all these years?
| Year | Salary | Cost of components | Power | Interest | Taxes |
|---|---|---|---|---|---|
| 2000 | 288 | 296 | 26.4 | 12.2 | 32.0 |
| 2001 | 299 | 332 | 28.4 | 14.2 | 34.6 |
| 2002 | 298 | 382 | 26.2 | 14.8 | 38.8 |
| 2003 | 305 | 410 | 28.6 | 15.2 | 42.4 |
| 2004 | 316 | 428 | 32.0 | 14.3 | 42.6 |
What is the approximate ratio between total tax paid and cost of components over all these years?
- 11 : 117
- 3 : 70
- 14 : 138
- 12 : 141
Answer and explanation
Correct answer: C - 14 : 138
Total tax = 32+34.6+38.8+42.4+42.6 = 190.4; total cost of components = 296+332+382+410+428 = 1848. Ratio = 190.4/1848 = 0.103, closest to 14:138 (0.101); 11:117=0.094, 12:141=0.085, 3:70=0.043.
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