Multiple choice

Refer to the below data table and answer the following question. | Item | Yearly Expense in Rs. Lakh | | --- | --- | | Raw Materials | 11 | | Labour | 7 | | Rent | 5 | | Interest | 3 | | Taxes | 3 | Raw Materials and Taxes are what percent of total expenses?

  1. 55.53 percent

  2. 41.03 percent

  3. 33.78 percent

  4. 48.28 percent
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D Correct answer
Explanation

Total expenses = 11 + 7 + 5 + 3 + 3 = 29. Raw Materials (11) + Taxes (3) = 14. Percentage = (14 / 29) * 100 = 48.2758... percent, which rounds to 48.28 percent.

AI explanation

We first find the combined expense for raw materials and taxes, which is 11 + 3 = 14 lakh. Next, we calculate the total expenses by adding all the categories, yielding 11 + 7 + 5 + 3 + 3 = 29 lakh. Using the percentage calculation formula, we find the required proportion as (14 / 29) * 100 = 48.28 percent. Raw materials and taxes constitute 48.28 percent of the total expenses.

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