Question
Download Solution PDFThe given bar graph shows the income and expenditure (in crores Rs.) of a company over 5 years, from 2014 to 2018. Study the bar graph and answer the question that follows.
In which of the following years is the ratio of income to expenditure the minimum?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven data:
Year |
Income |
Expenditure |
2014 |
225 |
175 |
2015 |
280 |
250 |
2016 |
325 |
275 |
2017 |
350 |
300 |
2018 |
350 |
325 |
Calculations:
Ratio of Income to expenditure for respective years-
Year |
Income |
Expenditure |
|
2014 |
225 |
175 |
225 /175 = 1.29 |
2015 |
280 |
250 |
280 / 250 = 1.12 |
2016 |
325 |
275 |
325 / 275 = 1.18 |
2017 |
350 |
300 |
350 / 300 = 1.16 |
2018 |
350 |
325 |
350 / 325 = 1.08 |
∴ The income-expenditure ratio is the minimum in the year 2018.
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