Question : Refer to the following data table and answer the question.
Year | Ratio Import/Export |
2011 | 0.8 |
2012 | 1.3 |
2013 | 1 |
2014 | 1.5 |
2015 | 0.8 |
If the imports in 2012 were Rs. 600 crore and the total exports in the years 2012 and 2013 together were Rs. 4400 crore, then the imports in 2013 were (in Rs. crore)?
Option 1: 3232
Option 2: 4622
Option 3: 3666
Option 4: 3938
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Correct Answer: 3938
Solution :
Imports in 2012 = Rs. 600 crore
Let the exports in 2012 = Rs. $y$ crore
The ratio of imports and exports in 2012 = 1.3
⇒ $\frac{600}{y} = 1.3$
⇒ $y=\frac{600}{1.3} = 461.53$
Total exports In the years 2012 and 2013 together = Rs. 4400 crore
Exports in 2013 = Rs. (4400 – 461.53) crores = Rs. 3938.47 crore
Let imports in 2013 = Rs. $x$ crore
The ratio of imports and exports in 2013 = 1
⇒ $\frac{x}{3938.47} = 1$
⇒ $x$ = 3938.47 $\approx$ 3938
Hence, the correct answer is 3938.
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