Study the following table carefully and answer the question. The table illustrates the number of electric cars manufactured by a company over five years and the percentage exported each year. Cars…
Question and options
Study the following table carefully and answer the question.
The table illustrates the number of electric cars manufactured by a company over five years and the percentage exported each year. Cars not exported were sold within the country.
The company earned an average profit of ₹1,50,000 on each exported car and ₹80,000 on each car sold within the country. What is the percentage increase in the difference between export profit and domestic profit (in ₹ crore) in 2024 compared to 2023 if the profit margins remained the same?
The table illustrates the number of electric cars manufactured by a company over five years and the percentage exported each year. Cars not exported were sold within the country.
| Year | Cars manufactured (in thousands) | Exported |
|---|---|---|
| 2020 | 80 | 25% |
| 2021 | 100 | 30% |
| 2022 | 120 | 35% |
| 2023 | 150 | 40% |
| 2024 | 180 | 45% |
The company earned an average profit of ₹1,50,000 on each exported car and ₹80,000 on each car sold within the country. What is the percentage increase in the difference between export profit and domestic profit (in ₹ crore) in 2024 compared to 2023 if the profit margins remained the same?
- 35%
- 42.55%
- 74.07%
- 135%
Answer and explanation
Correct answer: D - 135%
2023: export 60k x 1.5 lakh = Rs 900 cr, domestic 90k x 0.8 lakh = Rs 720 cr, difference 180 cr. 2024: export 81k x 1.5 lakh = Rs 1215 cr, domestic 99k x 0.8 lakh = Rs 792 cr, difference 423 cr. Increase = 243/180 = 135%.
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