Question : Refer to the following data table and answer the question.
India's exports in 2015 | Value in millions of US dollars |
Jewellery | 550 |
Software | 700 |
Cotton | 875 |
Steel | 775 |
Electronics | 550 |
Exports of software were what percentage of total exports?
Option 1: 20.29%
Option 2: 22.79%
Option 3: 25.29%
Option 4: 17.79%
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Correct Answer: 20.29%
Solution :
From the table,
The total export amount = 550 + 700 + 875 + 775 + 550 = 3450 million US dollars
The exports of software = 700 million US dollars
The percentage of software exports = $\frac{\text{Software exports}}{\text{Total exports}}$ × 100
The percentage of software exports = $\frac{700}{3450}$ × 100 = 20.29% (approx)
Hence, the correct answer is 20.29%.
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