JIPMAT 2022 (LR) - What is the approximate ratio between total tax paid and cost of components over all these years? | PYQs + Solutions

JIPMAT 2022

Logical Reasoning

Tabular Data

Medium

Following expenditure was incurred by a company under different heads:

Year	Salary	Cost of components	Power	Interest	Taxes
2000	288	296	26.4	12.2	32.0
2001	299	332	28.4	14.2	34.6
2002	298	382	26.2	14.8	38.8
2003	305	410	28.6	15.2	42.4
2004	316	428	32.0	14.3	42.6

What is the approximate ratio between total tax paid and cost of components over all these years?

11 : 117

3 : 70

14 : 138

12 : 141

Correct Option: 3

Total Tax over all years:

\newline

32.0 + 34.6 + 38.8 + 42.4 + 42.6 = 190.4

Total Cost of Components over all years:

\newline

296 + 332 + 382 + 410 + 428 = 1848

Ratio =

\frac{190.4}{1848}

\frac{190.4}{1848} = \frac{1904}{18480}= \frac{476}{4620}= \frac{119}{1154}=\frac{17}{164.857...}

We are asked to find the approximate ratio. The closest to our calculation above would be Option 3,

14:138