Question : Refer to the following data table and answer the following question.
| Items Raw | Yearly Expenses in Rs.lakhs |
| Materials | 11 |
| Labor | 7 |
| Rent | 5 |
| Interest | 3 |
| Taxes | 3 |
Expenditure on raw materials and taxes is what percent of total expenses?
Option 1: 55.53%
Option 2: 41.03%
Option 3: 33.78%
Option 4: 48.28%
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Correct Answer: 48.28%
Solution :
From the given table,
The overall expenditure = Rs. (11 + 7 + 5 + 3 + 3)lakhs = Rs. 29 lakhs
The amount spent on taxes and raw materials = Rs. (11 + 3) lakhs = Rs. 14 lakhs
$\therefore$ The required percentage
$=\frac{\text{The total amount spent on taxes and raw materials}}{\text{Total expenditure}} \times 100=\frac{14}{29}\times 100=48.28\%$
Hence, the correct answer is 48.28%.
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