JIPMAT 2021 (LR) - Study the graph and answer the question that follows: <img src="https://balti.afterboards.in/qlXbDsa83KD7NAO" width=150px> The graph indicates the cost of the production of a firm. <br>A = Raw material cost <br>B = Packing material cost <br> C = Fixed manufacturing expenses <br> D = Labour cost The total value in rupees of all sectors is 120.0 lakh. If the total labour cost increases to Rs. 2.4 lakh, what percentage increase does it represent? | PYQs + Solutions | AfterBoards
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JIPMAT 2021

Logical Reasoning
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Pie Chart

Conceptual

Study the graph and answer the question that follows: The graph indicates the cost of the production of a firm.
A = Raw material cost
B = Packing material cost
C = Fixed manufacturing expenses
D = Labour cost
The total value in rupees of all sectors is 120.0 lakh.
If the total labour cost increases to Rs. 2.4 lakh, what percentage increase does it represent?

Correct Option: 2
Find current labour cost from pie chart:\newlineTotal value = Rs. 120 lakh\newlineLabour cost (D) = (100−49−11−39.5)%=0.5%(100-49-11-39.5)\%=0.5\% of total
Current labour cost = 0.5100×120\frac{0.5}{100} × 120 = Rs. 0.60.6 lakh
New labour cost is given:\newlineNew labour cost = Rs. 2.42.4 lakh
Calculate percentage increase:
Percentage increase = New value - Original valueOriginal value×100\frac{\text{New value - Original value}}{\text{Original value}} × 100
= 2.4−0.60.6×100\frac{2.4 - 0.6}{0.6} × 100
= 1.80.6×100\frac{1.8}{0.6} × 100
= 3×1003 × 100\newline= 300%300\%

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