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 |
What is the profit percentage on the selling price of item D in 2019 based on the cost of 2015?
- A.
38.21%
- B.
57.29%
- C.
61.84%
- D.
68.21%
Attempted by 1 students.
Show answer & explanation
Correct answer: C
Step 1: Identify Firm D's Import (Cost) in 2015 and Export (Selling Price) in 2019.
Cost (2015 Import) = 25,000
Selling Price (2019 Export) = 40,460
Step 2: Calculate Profit.
Profit = Selling Price - Cost = 40,460 - 25,000 = 15,460
Step 3: Calculate Profit Percentage based on Cost.
Profit % = (Profit / Cost) × 100
= (15,460 / 25,000) × 100 = 61.84%