Question : Refer to the below data table and answer the following question.
Raw Materials and Interest are what percent of total expenses?
Option 1: 49.89%
Option 2: 42.64%
Option 3: 64.39%
Option 4: 57.14%
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Correct Answer: 57.14%
Solution : As per the given table, The total yearly expenses = Rs. 28 lakhs The combined expense of raw materials and interest = Rs. 12 lakh + Rs. 4 lakh = Rs. 16 lakhs $\therefore$ The required percentage of total expenses $=\frac{\text{Combined expenses of raw materials and interest}}{\text{Total Yearly Expenses}} \times 100 = \frac{16}{28} \times 100 = 57.14\%$ Hence, the correct answer is 57.14%.
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