If country A’s exports in 2024 are 20% more than the combined exports of…
2024
If country A’s exports in 2024 are 20% more than the combined exports of country B in 2022 and country E in 2021, what is country A’s net export income (exports minus imports), in ₹ crore, in 2024 if its imports that year are ₹184 crore?
Answer: D. 68 — ConceptTo find a value that is p% more than a base, multiply the base by (1 + p/100). Net export income (trade surplus) is exports minus imports.…
- A.
106
- B.
44
- C.
92
- D.
68
Show answer & explanation
Correct answer: D
Concept
To find a value that is p% more than a base, multiply the base by (1 + p/100).
Net export income (trade surplus) is exports minus imports.
Application
Read the table: country B’s exports in 2022 are ₹100 crore, and country E’s exports in 2021 are ₹110 crore.
Add the reference exports: ₹100 crore + ₹110 crore = ₹210 crore.
Increase the combined amount by 20%: ₹210 crore × 1.20 = ₹252 crore. This is country A’s export value for 2024.
Subtract imports from exports: ₹252 crore − ₹184 crore = ₹68 crore.
Cross-check
The 20% increase on ₹210 crore is ₹42 crore, so exports are ₹210 crore + ₹42 crore = ₹252 crore; ₹252 crore − ₹184 crore again gives ₹68 crore.
Therefore, country A’s net export income is ₹68 crore.