Question : Refer to the following 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 : The total yearly expenses = Rs. 28 lakhs The combined expense of Raw Materials and Interest = Rs. 12 lakhs + Rs. 4 lakhs = Rs. 16 lakhs The percentage of total expenses that Raw Materials and Interest make up $=\frac{\text{Combined expense of raw materials and interest}}{\text{Total yearly expenses}} × 100$ $=\frac{16}{28} \times 100$ $ =57.14\%$ Hence, the correct answer is 57.14%.
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