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 earns the same profit percentage on cost during only the first two and the last two years?
- A.
A
- B.
B
- C.
C
- D.
D
Attempted by 1 students.
Show answer & explanation
Correct answer: C
Calculate profit percentage on cost using the formula: ((Export - Import) / Import) × 100. For Firm A, the profit is consistently 15% across all years, which does not meet the 'only' condition. For Firm B, profit is 10% for the first four years and changes in the last year. For Firm C, profit is 15% in 2015 and 2016 (first two years), 10% in 2017, and 15% again in 2018 and 2019 (last two years). This matches the condition of having the same profit percentage during only the first two and last two years. Therefore, Firm C is the correct answer.