The profit of ABC company for the years 2003 and 2004 year is compared for the 4 quarters. What is the average of the profit gained by company in 2004 for all the quarters ?

50 thousand

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60 thousand

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70 thousand

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80 thousand

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Solution

The correct option is B 60 thousand
The height of the pink bar gives the profit for the year 2004.

As seen from the graph,
Profit for quarter 1 in 2004 = 50 thousand
Profit for quarter 2 in 2004 = 80 thousand
Profit for quarter 3 in 2004 = 60 thousand
Profit for quarter 4 in 2004 = 50 thousand

Total profit in 2004
= 50 + 80 + 60 +50 = 240 thousand
$A v e r a g e = \frac{S u m o f O b s e r v a t i o n s}{N u m b e r o f O b s e r v a t i o n s}$
$= \frac{240}{4}$
$= 60 thousand$

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Similar questions

From the following information of Narsimham Company Ltd., prepare a Comparative Income Statement for the years 2004-2005

Particulars	2004 Rs	2005 Rs
Gross Sales	7,25,000	8,15,000
Less : Returns	25,000	15,000
Net Sales	7,00,000	8,00,000
Cost of Goods Sold	5,95,000	6,15,000
Gross Profit	1,05,000	1,85,000
Other Expenses
Selling & distribution Expenses	23,000	24,000
Administration Expenses	12,700	12,500
Total Expenses	35,700	36,500
Operating Income	69,300	1,48,500
Other Income	1,200	8,050
	70,500	1,56,550
Non Operating Expenses	1,750	1,940
Net Profit	68,750	1,54,610

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