The selling price of mobiles of 5 companies in different years are presented below: SELLING PRICES OF…
Two models, B and E, have 2023 selling prices below their respective 2019 manufacturing costs. Half the 2019 selling prices gives costs of 2000, 9000, 4750, 5500 and 2250…
Choose your answer
The selling price of mobiles of 5 companies in different years are presented below:
SELLING PRICES OF MOBILES
SELLING PRICES OF MOBILES
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| A | 4000 | 3500 | 3000 | 2500 | 2200 |
| B | 18000 | 15000 | 12000 | 10000 | 8500 |
| C | 9500 | 8000 | 7500 | 6000 | 5000 |
| D | 11000 | 9500 | 8000 | 7500 | 6000 |
| E | 4500 | 4000 | 3500 | 3000 | 2000 |
If the ratio of the manufacturing cost to the selling price of every mobile-phone model of the companies in 2019 is 1 : 2, and manufacturing costs do not change after 2019, then how many models incurred a loss in 2023?
Answer and explanation
Correct answer A
Two models, B and E, have 2023 selling prices below their respective 2019 manufacturing costs. Half the 2019 selling prices gives costs of 2000, 9000, 4750, 5500 and 2250 for A–E; the corresponding 2023 prices are 2200, 8500, 5000, 6000 and 2000.
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