Question

If the cost of product per thousand tons in 1998 was Rs 1.8 lakhs, what was the approximate cost of average sales for the given states in that year?

• A. Rs. 786000 lakhs
• B. Rs. 786 lakhs
• C. Rs. 7860 lakhs
• D. Rs. 78600 lakhs
• E. None of these

Answer 1

The correct option is D Rs. 78600 lakhs

Average sales $=\left(\frac{25+45+38+52+47+55}{6}\right)$
$=\frac{262}{6}=43.7$ milion tons
$\therefore$ required cost
$=Rs.(1.8\times 43700)lakhs=Rs.78660lakhs\approx Rs.78600lakhs$