Question

The following graph shows sales data of two products X and Y from 2015 to 2020 in Kgs. Study the graph of sales data carefully and answer the questions given below:

In the year 2021, the company expects to have average sales of product Y based on the 2015 to 2020 data. If the company keeps a price of Rs. 26 per Kg for product Y, what will be the revenue generated from product Y in the year 2021?

• A. Rs. 1902550
• B. Rs. 2202550
• C. Rs. 2102650
• D. Rs. 1803650

Hint:

Average the six years of Y sales first, then multiply by the price per kg.

Answer 1

The Correct Option is A

Step 1: Average sales of Y from 2015 to 2020 = \( \dfrac{55790+65770+67060+75070+85060+90300}{6} = \dfrac{439050}{6} = 73175 \) kg.
Step 2: Revenue in 2021 = average sales x price per kg = \( 73175 \times 26 \).
Step 3: This gives Rs. 1902550, which matches option 1.