Study the following table and answer the questions. The table below shows the…
2025
Study the following table and answer the questions.
The table below shows the data of imports (in value) and exports (in value) for four firms over five years:
Year | Firm A (Import) | Firm A (Export) | Firm B (Import) | Firm B (Export) | Firm C (Import) | Firm C (Export) | Firm D (Import) | Firm D (Export) |
|---|---|---|---|---|---|---|---|---|
2015 | 200000 | 230000 | 100000 | 110000 | 25000 | 28750 | 25000 | 28750 |
2016 | 140000 | 161000 | 150000 | 165000 | 27500 | 31625 | 27500 | 31900 |
2017 | 210000 | 241500 | 160000 | 176000 | 40000 | 44000 | 30000 | 35100 |
2018 | 185000 | 212750 | 190000 | 209000 | 33300 | 38295 | 40000 | 47200 |
2019 | 170000 | 195500 | 199500 | 221445 | 34000 | 39100 | 34000 | 40460 |
Which item maintains the same profit percentage on cost every year?
- A.
A
- B.
B
- C.
C
- D.
D
Attempted by 1 students.
Show answer & explanation
Correct answer: A
To find the item with the same profit percentage on cost every year, we calculate the profit percentage for each firm using the formula: Profit % = ((Export - Import) / Import) × 100.
For Firm A: 2015: ((230000 - 200000) / 200000) × 100 = 15%. 2016: ((161000 - 140000) / 140000) × 100 = 15%. 2017: ((241500 - 210000) / 210000) × 100 = 15%. 2018: ((212750 - 185000) / 185000) × 100 = 15%. 2019: ((195500 - 170000) / 170000) × 100 = 15%. Firm A maintains a consistent 15% profit percentage.
Checking other firms (B, C, D) reveals variations in their profit percentages across the years. Thus, Firm A is the correct answer.