Multiple choice

Passage

Directions: Study the information carefully to answer the question that follows. In 2021, India exported 50,00,000 tonnes of steel to five different countries such as China, Italy, Germany, Belgium and South Africa and received a gross amount of Rs. 2,00,000 million from all. Steel exported to five different countries was of five different types. The data related to export and amount received was collected and it has been found that 12% of the total amount of steel was exported to China and only 15% of the gross amount was received from China. 27% and 28% of the total amount of steel was exported to Italy and Germany, respectively. However, 20% of the gross amount was received from Italy and 17% of the gross amount was received from Germany. 10% of the total amount of steel was exported to Belgium and 13% of the gross amount was received from Belgium. 23% of the total amount of steel was exported to South Africa and 35% of the gross amount was received from South Africa.

If the cost price per tonne is Rs. 0.04 million for the steel exported to China, then how much profit is earned per tonne considering gross amount as selling price?

  1. Rs. 15,000

  2. Rs. 10,000

  3. Rs. 20,000

  4. Rs. 25,000

  5. Rs. 30,000
Reveal answer Fill a bubble to check yourself
B Correct answer
AI explanation

The gross amount received from China is 15% of the total gross amount, which equals 0.15 multiplied by 2,00,000 million, resulting in Rs. 30,000 million. The total amount of steel exported to China is 12% of 50,00,000 tonnes, which equals 6,00,000 tonnes, making the selling price per tonne 30,000 million divided by 6,00,000, which equals Rs. 0.05 million. Since the cost price per tonne is Rs. 0.04 million, the profit earned per tonne is 0.05 million minus 0.04 million, which equals Rs. 0.01 million or Rs. 10,000.

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