Read the following graph carefully and answer the question given below:
Ratio of import and export of a company in different years

If import and export are increased by& $20 %$ ~and $10 %$ ~respectively in $2001$ , the resultant export became $₹ 50000$ . What was the import in that year?

Question

Read the following graph carefully and answer the question given below:
Ratio of import and export of a company in different years

If import and export are increased by&

20 %

~and

10 %

~respectively in

2001

, the resultant export became

₹ 50000

. What was the import in that year?

Quantrex Academy · Accepted Answer

Correct answer: D. ₹ 246212 . 15

From the graph, it is clear that the ratio of import& \left(I\right) $~and export \left(E\right)$ ~in the year~ $2001$ ~is~ $6 . 5$ ~i.e.

$\dfrac{I}{E} = 6 . 5 - \left(1\right)$

Increased export,~ ${E}_{1} = E +$ \dfrac{10}{100} $E =$ \dfrac{11}{10} $E$

Increased import,~ ${I}_{1} = I +$ \dfrac{20}{100} $I =$ \dfrac{12}{10} $I$

Increased export, ${E}_{1} = ₹ 50000$

So,

\dfrac{11}{10} $E = 50000E =$ \dfrac{50000 \times 10}{11} $E = ₹ 45454 . 55$

Using the given ratio of import and export and the increased import~we get,

\dfrac{\dfrac{12}{10}{I}_{1}}{45454 . 55} = $6 . 5{I}_{1} =$ \dfrac{6 . 5 \times 45454 . 55 \times 10}{12}{I}_{1} = $₹ 246212 . 15$

Hence, the required import~ $= ₹ 246212 . 15</p>$

Read the following graph carefully and answer the question given...