Question Detail
Answer the questions based on line graph given below.
If the imports of Company A in 1997 were increased by 40 percent, what would be the ratio of exports to the increased imports ?
- 0.25
- 1.15
- 1.25
- 1.35
Answer: Option C
Explanation:
In 1997 for company A, we have
let export be E and Import be I
\begin{aligned}
\frac{E}{I} = 1.75\\
=> E = 1.75I\\
\text{New Imports }I_{new}=40\%&of&I\\
= 1.4I \\
\text{New ratio =}\frac{E}{I_{new}}\\
= \frac{1.75I}{1.4I} \\
= 1.25
\end{aligned}
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