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Directions: Answer the questions based on the information given below.
The table given below illustrates the number of bikes sold by four distinct companies in two different consecutive years 2021 and 2022.
Company Number of bikes sold in 2021 Number of bikes sold in 2022
A 240 160
B 1120 800
C 960 480
D 640 160
If company 'D' priced each bike sold in 2021 at 40000 Rs and each bike sold in 2022 at 48000 Rs then what is the average per bike revenue generated by company 'D' when considering the sales from both 2021 and 2022 together?
41600 Rs.
42400 Rs.
43200 Rs.
44400 Rs.
45600 Rs
- We need to calculate the total revenue generated by company D for 2021 and 2022 combined.
- In 2021, bikes sold = 640, price per bike = 40000 Rs, so revenue = 640 * 40000 = 25600000 Rs.
- In 2022, bikes sold = 160, price per bike = 48000 Rs, so revenue = 160 * 48000 = 7680000 Rs.
- Total revenue from 2021 and 2022 = 25600000 + 7680000 = 33280000 Rs.
- Total bikes sold in 2021 and 2022 = 640 + 160 = 800.
- Average revenue per bike = 33280000 / 800 = 41600 Rs.
- Correct Answer: Option 1, 41600 Rs.
By: Parvesh Mehta ProfileResourcesReport error
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