Panaroma Farming Company who were in the farming business had purchased six farms, F1, F2......F6, for three of its core businesses, Fruits, Poultry and Fishery. To cater to all the local requirements, it started all its three activities on all of its farms simultaneously. Compared to 2014, the overall profitability in 2015 grew by 18%. The table below shows the growth of profit for each area of business in percentage when compared to 2014.Q. If the profit from Fisheries from F3 in 2014 was Rs. 10 crores, then the profit of Panorama in crore Rupees in 2014 was at least: (Round off your answer to one decimal point)Correct answer is '19.5'. Can you explain this answer?

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Q. If the profit from Fisheries from F3 in 2014 was Rs. 10 crores, then the profit of Panorama in crore Rupees in 2014 was at least: (Round off your answer to one decimal point)

Correct answer is '19.5'. Can you explain this answer?

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Panaroma Farming Company who were in the farming business had purchase...

We are asked to minimise the overall profits in the year 2014, we should therefore minimise the profits made from F3 in 2014. v The profit from Fisheries in F3 stood at Rs. 10 crores in 2014, and we are trying to minimise the profit from F3, thus we must maximise the percentage contribution from Fisheries in F3.

From the above two cases, it is clear that the maximum contribution of profit from Fisheries in F3 = 8/12 = 66.66% This should represent 2/3 of the total profit from F3, which implies that the total profit from F3 in 2014 will be Rs.15 crores.
Now, this profit of F3 should represent the maximum contribution among farms in the overall profitability of Panaroma in 2014.

Profit had grown by 18% for the company. F2 and F6 are ruled out.

From the above cases, the contribution of F3 can be 25%, 76.9% or 40%. We choose 76.9% (case 4) as we need to minimize the overall profit.
Now, the profit of Rs. 15 crores would represent 76.9%.
The overall minimum profit in 2014 would be Rs. 19.5 crores.
Answer: 19.5

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Panaroma Farming Company who were in the farming business had purchased six farms, F1, F2......F6, for three of its core businesses, Fruits, Poultry and Fishery. To cater to all the local requirements, it started all its three activities on all of its farms simultaneously. Compared to 2014, the overall profitability in 2015 grew by 18%. The table below shows the growth of profit for each area of business in percentage when compared to 2014.Q. If the profit from Fisheries from F3 in 2014 was Rs. 10 crores, then the profit of Panorama in crore Rupees in 2014 was at least: (Round off your answer to one decimal point)Correct answer is '19.5'. Can you explain this answer?

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Panaroma Farming Company who were in the farming business had purchased six farms, F1, F2......F6, for three of its core businesses, Fruits, Poultry and Fishery. To cater to all the local requirements, it started all its three activities on all of its farms simultaneously. Compared to 2014, the overall profitability in 2015 grew by 18%. The table below shows the growth of profit for each area of business in percentage when compared to 2014.Q. If the profit from Fisheries from F3 in 2014 was Rs. 10 crores, then the profit of Panorama in crore Rupees in 2014 was at least: (Round off your answer to one decimal point)Correct answer is '19.5'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about Panaroma Farming Company who were in the farming business had purchased six farms, F1, F2......F6, for three of its core businesses, Fruits, Poultry and Fishery. To cater to all the local requirements, it started all its three activities on all of its farms simultaneously. Compared to 2014, the overall profitability in 2015 grew by 18%. The table below shows the growth of profit for each area of business in percentage when compared to 2014.Q. If the profit from Fisheries from F3 in 2014 was Rs. 10 crores, then the profit of Panorama in crore Rupees in 2014 was at least: (Round off your answer to one decimal point)Correct answer is '19.5'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Panaroma Farming Company who were in the farming business had purchased six farms, F1, F2......F6, for three of its core businesses, Fruits, Poultry and Fishery. To cater to all the local requirements, it started all its three activities on all of its farms simultaneously. Compared to 2014, the overall profitability in 2015 grew by 18%. The table below shows the growth of profit for each area of business in percentage when compared to 2014.Q. If the profit from Fisheries from F3 in 2014 was Rs. 10 crores, then the profit of Panorama in crore Rupees in 2014 was at least: (Round off your answer to one decimal point)Correct answer is '19.5'. Can you explain this answer?.

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