Question
If the production in 1995 is expected to go up by 10% over that of the previous year and the sales are expected to go down by 20%, what is the excess of domestic production over the sales of trinkets in 1995?
Answer: Option D
:
D
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:
D
In 1995, production = 260 × 1.1 = 286 and Consumption = 240 × 0.8 = 192
This means excess of production
=286−192192=94192≈49%
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