Question

If the production in 1995 is expected to go up by 10% over that of the previous year and the sales are expected to go down by 20%, what is the excess of domestic production over the sales of trinkets in 1995?

• A. 33%
• B. 23%
• C. 30%
• D. 49%

Answer 1

The correct option is D

49%

In 1995, production = 260 $\times$ 1.1 = 286 and Consumption = 240 $\times$ 0.8 = 192
This means excess of production

$=\frac{286-192}{192}=\frac{94}{192}\approx 49\%$