The following table shows the per cent change in the amount of sales (in rupees) at different retail stores in a given neighbourhood market in the period 1993 to 1995; If the sales at Anshu store amounted to Rs. 8 lakhs in 1993, then the amount of sales (

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Q: 139 (IAS/1997)
The following table shows the per cent change in the amount of sales (in rupees) at different retail stores in a given neighbourhood market in the period 1993 to 1995;
If the sales at Anshu store amounted to Rs. 8 lakhs in 1993, then the amount of sales (in lakhs of rupees) at that store in 1995 was
Retail Store1993 to 19941994 to 1995
Anshu1.0-10
Borna-209
Calpo51.2
Dilip-7-15
Elegant1.7-8

question_subject: 

Maths

question_exam: 

IAS

stats: 

0,3,1,3,0,1,0

keywords: 

{'rupees': [0, 1, 0, 0], 'sales': [0, 1, 0, 0], 'per cent change': [0, 1, 0, 0], 'anshu store': [0, 1, 0, 0], 'different retail stores': [0, 1, 0, 0], 'lakhs': [0, 1, 4, 4], 'amount': [1, 2, 4, 9], 'store': [0, 1, 0, 1], 'following table': [0, 2, 1, 1], 'neighbourhood market': [0, 1, 0, 0]}

The percent change in sales for the Anshu store from 1993 to 1994 was +1%, which means that the store`s sales increased by 1% in 1994, making it 1.01 times the 1993 sales value. Since the 1993 sales were Rs. 8 lakhs, that means the sales in 1994 were 1.01 * 8 = Rs. 8.08 lakhs. Then, from 1994 to 1995, the sales change for the Anshu store was -10%, which means that the 1995 sales were 10% less than the 1994 sales. Hence, the 1995 sales were 0.9 * 8.08 lakhs= Rs. 7.272 lakhs. So, Option 1 is correct (7.92 lakhs) as it is closest to the calculated value.

Option 2 (8.00 lakhs) assumes no change in sales, Option 3 (8.80 lakhs) indicates a larger increase, and Option 4 (9.68 lakhs) suggests even larger growth, which is not supported by the data.

Alert - correct answer should be 7.