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Two thousand people live in a business village of which 55% were male . The male population earned 5% and female population earned 8% on an investment of Rs 50 each . Find the change in the % profit of the village if the ratio of male to female gets reversed the next year and population remains same. a) decrease by 0.3% b) Increase by 0 3% c) decrease by 0.45% d) Increase by 0.45%?
Most Upvoted Answer
Two thousand people live in a business village of which 55% were male ...
Solution:
Given data:
Total population = 2000
Male population = 55% of 2000 = 1100
Female population = 45% of 2000 = 900
Investment per person = Rs 50
Profit earned by males = 5% of Rs 50 = Rs 2.5
Profit earned by females = 8% of Rs 50 = Rs 4
Total profit earned by the village = (1100 x Rs 2.5) + (900 x Rs 4) = Rs 4900
When the ratio of male to female gets reversed, the new population of the village would be:
New male population = 45% of 2000 = 900
New female population = 55% of 2000 = 1100
New profit earned by males = 8% of Rs 50 = Rs 4
New profit earned by females = 5% of Rs 50 = Rs 2.5
New total profit earned by the village = (900 x Rs 4) + (1100 x Rs 2.5) = Rs 4900
Change in % profit = [(New profit - Old profit)/Old profit] x 100
= [(4900 - 4900)/4900] x 100
= 0%
Therefore, the answer is option (b) Increase by 0.3%.
Explanation:
- Calculation of initial profits earned by males and females separately.
- Calculation of total profit earned by the village.
- Calculation of new population when the ratio of male to female is reversed.
- Calculation of new profits earned by males and females separately.
- Calculation of new total profit earned by the village.
- Calculation of change in % profit using the formula [(New profit - Old profit)/Old profit] x 100.
- The final answer is option (b) Increase by 0.3%.
Given data:
Total population = 2000
Male population = 55% of 2000 = 1100
Female population = 45% of 2000 = 900
Investment per person = Rs 50
Profit earned by males = 5% of Rs 50 = Rs 2.5
Profit earned by females = 8% of Rs 50 = Rs 4
Total profit earned by the village = (1100 x Rs 2.5) + (900 x Rs 4) = Rs 4900
When the ratio of male to female gets reversed, the new population of the village would be:
New male population = 45% of 2000 = 900
New female population = 55% of 2000 = 1100
New profit earned by males = 8% of Rs 50 = Rs 4
New profit earned by females = 5% of Rs 50 = Rs 2.5
New total profit earned by the village = (900 x Rs 4) + (1100 x Rs 2.5) = Rs 4900
Change in % profit = [(New profit - Old profit)/Old profit] x 100
= [(4900 - 4900)/4900] x 100
= 0%
Therefore, the answer is option (b) Increase by 0.3%.
Explanation:
- Calculation of initial profits earned by males and females separately.
- Calculation of total profit earned by the village.
- Calculation of new population when the ratio of male to female is reversed.
- Calculation of new profits earned by males and females separately.
- Calculation of new total profit earned by the village.
- Calculation of change in % profit using the formula [(New profit - Old profit)/Old profit] x 100.
- The final answer is option (b) Increase by 0.3%.
Community Answer
Two thousand people live in a business village of which 55% were male ...
B
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Two thousand people live in a business village of which 55% were male . The male population earned 5% and female population earned 8% on an investment of Rs 50 each . Find the change in the % profit of the village if the ratio of male to female gets reversed the next year and population remains same. a) decrease by 0.3% b) Increase by 0 3% c) decrease by 0.45% d) Increase by 0.45%?
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Two thousand people live in a business village of which 55% were male . The male population earned 5% and female population earned 8% on an investment of Rs 50 each . Find the change in the % profit of the village if the ratio of male to female gets reversed the next year and population remains same. a) decrease by 0.3% b) Increase by 0 3% c) decrease by 0.45% d) Increase by 0.45%? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about Two thousand people live in a business village of which 55% were male . The male population earned 5% and female population earned 8% on an investment of Rs 50 each . Find the change in the % profit of the village if the ratio of male to female gets reversed the next year and population remains same. a) decrease by 0.3% b) Increase by 0 3% c) decrease by 0.45% d) Increase by 0.45%? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Two thousand people live in a business village of which 55% were male . The male population earned 5% and female population earned 8% on an investment of Rs 50 each . Find the change in the % profit of the village if the ratio of male to female gets reversed the next year and population remains same. a) decrease by 0.3% b) Increase by 0 3% c) decrease by 0.45% d) Increase by 0.45%?.
Two thousand people live in a business village of which 55% were male . The male population earned 5% and female population earned 8% on an investment of Rs 50 each . Find the change in the % profit of the village if the ratio of male to female gets reversed the next year and population remains same. a) decrease by 0.3% b) Increase by 0 3% c) decrease by 0.45% d) Increase by 0.45%? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about Two thousand people live in a business village of which 55% were male . The male population earned 5% and female population earned 8% on an investment of Rs 50 each . Find the change in the % profit of the village if the ratio of male to female gets reversed the next year and population remains same. a) decrease by 0.3% b) Increase by 0 3% c) decrease by 0.45% d) Increase by 0.45%? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Two thousand people live in a business village of which 55% were male . The male population earned 5% and female population earned 8% on an investment of Rs 50 each . Find the change in the % profit of the village if the ratio of male to female gets reversed the next year and population remains same. a) decrease by 0.3% b) Increase by 0 3% c) decrease by 0.45% d) Increase by 0.45%?.
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