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?

Step-by-step solution

From the graph, it is clear that the ratio of import I and export E in the year 2001 is 6 . 5 i.e. I E = 6 . 5     - 1 Increased export, E 1 = E + 10 100 E = 11 10 E Increased import, I 1 = I + 20 100 I = 12 10 I Increased export, E 1 = ₹ 50000 So, 11 10 E = 50000 E = 50000 × 10 11 E = ₹ 45454 . 55 Using the given ratio of import and export and the increased import we get, 12 10 I 1 45454 . 55 = 6 . 5 I 1 = 6 . 5 × 45454 . 55 × 10 12 I 1 = ₹ 246212 . 15 Hence, the required