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  1. In 1995, the export of Company A was double that of Company B. If the imports of Company A during the year was Rs. 180 crores, what was the approximate amount of imports pf Company B during that year?

  2. A.

    Rs. 190 crores

    B.

    Rs. 210 crores

    C.

    Rs. 225 crores

    D.

    Cannot be determined

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    Answer : Option B

    Explanation :

    In 1995 for Company A we have:

    \(\frac { EA } { IA }\) = 1.75 ....(i)

    [where EA = amount of exports, IA = amount of imports of Company a in 1995]

    In 1995 for Company B we have:

    \( \frac { EB } { IB } \) = 0.75.. (ii)

    [where EB = amount of exports, IB = amount of imports of Company B in 1995]

    Also, we have EA = 2EB ... (iii)

    Substituting IA = Rs. 180 crores (given) in (i), we get:

            EA = Rs. (180 x 1.75) crores = Rs. 315 crores.

                 Using EA = Rs. 315 crores in (iii), we get:

    EB = \( \frac { EA} { 2 } \) = Rs .[ \(\frac { 315 } { 2 }\)] crores

    Substituting EB = Rs.[  \(\frac { 315 } { 2 }\)] crores in (ii), we get:

    IB = \(\frac { E B } { 0.75 }\) = Rs .[ \(\frac { 315 } { 2 *0.75 }\)] crores = Rs. 210 crores.

    i.e., amount of imports of Company B in 1995 = Rs. 210 crores.


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