The following Table-I shows the Sales and Earnings of ABC Corporation in the last eight years from…
In 2015 earnings were 200 million and sales were 8 billion, that is 8000 million. The ratio is \(\frac{200}{8000}=\frac{1}{40}\), so earnings to sales is 1 : 40.
Choose your answer
The following Table-I shows the Sales and Earnings of ABC Corporation in the last eight years from 2013-2020, and Table-II shows the percentage of Sales in four different categories in the year 2020. Based on the data in the tables, answer the question:
| Year | Sales (in Rs. Billion) | Earnings (in Rs. Million) |
|---|---|---|
| 2013 | 3 | 500 |
| 2014 | 6 | 900 |
| 2015 | 8 | 200 |
| 2016 | 7 | 400 |
| 2017 | 5 | 700 |
| 2018 | 9 | 800 |
| 2019 | 8 | 700 |
| 2020 | 10 | 600 |
| Category | Percentage (%) of Sales |
|---|---|
| Computers | 25% |
| TVs | 20% |
| Smartphones | 40% |
| Miscellaneous | 15% |
Question: What was the ratio of earnings to sales in 2015?
Answer and explanation
Correct answer D
In 2015 earnings were 200 million and sales were 8 billion, that is 8000 million. The ratio is , so earnings to sales is 1 : 40.
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