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A large store has only three departments, Clothing, Produce, and Electronics. The following figure shows the percentages of revenue and cost from the three departments for the years 2016, 2017 and 2018. The dotted lines depict percentage levels. So for example, in 2016, 50% of store's revenue came from its Electronics department while 40% of its costs were incurred in the Produce department.
In this setup, Profit is computed as (Revenue - Cost) and Percentage Profit as Profit/Cost × 100%.
It is known that 
1. The percentage profit for the store in 2016 was 100%. 
2. The store’s revenue doubled from 2016 to 2017, and its cost doubled from 2016 to 2018. 
3. There was no profit from the Electronics department in 2017. 
4. In 2018, the revenue from the Clothing department was the same as the cost incurred in the Produce department.
Q. What percentage of the total profits for the store in 2016 was from the Electronics department?
Correct answer is '70'. Can you explain this answer?
Verified Answer
A large store has only three departments, Clothing, Produce, and Elec...
We can make the following table from the web chart given in the question
If we consider the total cost in the year 2016 as 100, then according to Statement 1, the total revenue in 2016 must be 200.
The store’s revenue doubled from 2016 to 2017, thus the total revenue in the year 2017 = 400.
We can find the revenue for the individual department in the year 2017, from the table.
There was no profit from the Electronics department in 2017, thus, we can find the total cost in 2017= 300
Considering the statement 4, we can find the total revenue in 2018 and tabulate the following table.
Profit in 2016 = 200-100= 100 
Profit in the electronic department in 2016= 100-30=70 
The total profits= for the store in 2016 were from the Electronics department 70%
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A large store has only three departments, Clothing, Produce, and Electronics. The following figure shows the percentages of revenue and cost from the three departments for the years 2016, 2017 and 2018. The dotted lines depict percentage levels. So for example, in 2016, 50% of store's revenue came from its Electronics department while 40% of its costs were incurred in the Produce department.In this setup, Profit is computed as (Revenue - Cost) and Percentage Profit as Profit/Cost × 100%.It is known that 1. The percentage profit for the store in 2016 was 100%. 2. The store’s revenue doubled from 2016 to 2017, and its cost doubled from 2016 to 2018. 3. There was no profit from the Electronics department in 2017. 4. In 2018, the revenue from the Clothing department was the same as the cost incurred in the Produce department.Q. What percentage of the total profits for the store in 2016 was from the Electronics department?Correct answer is '70'. Can you explain this answer?
Question Description
A large store has only three departments, Clothing, Produce, and Electronics. The following figure shows the percentages of revenue and cost from the three departments for the years 2016, 2017 and 2018. The dotted lines depict percentage levels. So for example, in 2016, 50% of store's revenue came from its Electronics department while 40% of its costs were incurred in the Produce department.In this setup, Profit is computed as (Revenue - Cost) and Percentage Profit as Profit/Cost × 100%.It is known that 1. The percentage profit for the store in 2016 was 100%. 2. The store’s revenue doubled from 2016 to 2017, and its cost doubled from 2016 to 2018. 3. There was no profit from the Electronics department in 2017. 4. In 2018, the revenue from the Clothing department was the same as the cost incurred in the Produce department.Q. What percentage of the total profits for the store in 2016 was from the Electronics department?Correct answer is '70'. 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 A large store has only three departments, Clothing, Produce, and Electronics. The following figure shows the percentages of revenue and cost from the three departments for the years 2016, 2017 and 2018. The dotted lines depict percentage levels. So for example, in 2016, 50% of store's revenue came from its Electronics department while 40% of its costs were incurred in the Produce department.In this setup, Profit is computed as (Revenue - Cost) and Percentage Profit as Profit/Cost × 100%.It is known that 1. The percentage profit for the store in 2016 was 100%. 2. The store’s revenue doubled from 2016 to 2017, and its cost doubled from 2016 to 2018. 3. There was no profit from the Electronics department in 2017. 4. In 2018, the revenue from the Clothing department was the same as the cost incurred in the Produce department.Q. What percentage of the total profits for the store in 2016 was from the Electronics department?Correct answer is '70'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A large store has only three departments, Clothing, Produce, and Electronics. The following figure shows the percentages of revenue and cost from the three departments for the years 2016, 2017 and 2018. The dotted lines depict percentage levels. So for example, in 2016, 50% of store's revenue came from its Electronics department while 40% of its costs were incurred in the Produce department.In this setup, Profit is computed as (Revenue - Cost) and Percentage Profit as Profit/Cost × 100%.It is known that 1. The percentage profit for the store in 2016 was 100%. 2. The store’s revenue doubled from 2016 to 2017, and its cost doubled from 2016 to 2018. 3. There was no profit from the Electronics department in 2017. 4. In 2018, the revenue from the Clothing department was the same as the cost incurred in the Produce department.Q. What percentage of the total profits for the store in 2016 was from the Electronics department?Correct answer is '70'. Can you explain this answer?.
Solutions for A large store has only three departments, Clothing, Produce, and Electronics. The following figure shows the percentages of revenue and cost from the three departments for the years 2016, 2017 and 2018. The dotted lines depict percentage levels. So for example, in 2016, 50% of store's revenue came from its Electronics department while 40% of its costs were incurred in the Produce department.In this setup, Profit is computed as (Revenue - Cost) and Percentage Profit as Profit/Cost × 100%.It is known that 1. The percentage profit for the store in 2016 was 100%. 2. The store’s revenue doubled from 2016 to 2017, and its cost doubled from 2016 to 2018. 3. There was no profit from the Electronics department in 2017. 4. In 2018, the revenue from the Clothing department was the same as the cost incurred in the Produce department.Q. What percentage of the total profits for the store in 2016 was from the Electronics department?Correct answer is '70'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT. Download more important topics, notes, lectures and mock test series for CAT Exam by signing up for free.
Here you can find the meaning of A large store has only three departments, Clothing, Produce, and Electronics. The following figure shows the percentages of revenue and cost from the three departments for the years 2016, 2017 and 2018. The dotted lines depict percentage levels. So for example, in 2016, 50% of store's revenue came from its Electronics department while 40% of its costs were incurred in the Produce department.In this setup, Profit is computed as (Revenue - Cost) and Percentage Profit as Profit/Cost × 100%.It is known that 1. The percentage profit for the store in 2016 was 100%. 2. The store’s revenue doubled from 2016 to 2017, and its cost doubled from 2016 to 2018. 3. There was no profit from the Electronics department in 2017. 4. In 2018, the revenue from the Clothing department was the same as the cost incurred in the Produce department.Q. What percentage of the total profits for the store in 2016 was from the Electronics department?Correct answer is '70'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of A large store has only three departments, Clothing, Produce, and Electronics. The following figure shows the percentages of revenue and cost from the three departments for the years 2016, 2017 and 2018. The dotted lines depict percentage levels. So for example, in 2016, 50% of store's revenue came from its Electronics department while 40% of its costs were incurred in the Produce department.In this setup, Profit is computed as (Revenue - Cost) and Percentage Profit as Profit/Cost × 100%.It is known that 1. The percentage profit for the store in 2016 was 100%. 2. The store’s revenue doubled from 2016 to 2017, and its cost doubled from 2016 to 2018. 3. There was no profit from the Electronics department in 2017. 4. In 2018, the revenue from the Clothing department was the same as the cost incurred in the Produce department.Q. What percentage of the total profits for the store in 2016 was from the Electronics department?Correct answer is '70'. Can you explain this answer?, a detailed solution for A large store has only three departments, Clothing, Produce, and Electronics. The following figure shows the percentages of revenue and cost from the three departments for the years 2016, 2017 and 2018. The dotted lines depict percentage levels. So for example, in 2016, 50% of store's revenue came from its Electronics department while 40% of its costs were incurred in the Produce department.In this setup, Profit is computed as (Revenue - Cost) and Percentage Profit as Profit/Cost × 100%.It is known that 1. The percentage profit for the store in 2016 was 100%. 2. The store’s revenue doubled from 2016 to 2017, and its cost doubled from 2016 to 2018. 3. There was no profit from the Electronics department in 2017. 4. In 2018, the revenue from the Clothing department was the same as the cost incurred in the Produce department.Q. What percentage of the total profits for the store in 2016 was from the Electronics department?Correct answer is '70'. Can you explain this answer? has been provided alongside types of A large store has only three departments, Clothing, Produce, and Electronics. The following figure shows the percentages of revenue and cost from the three departments for the years 2016, 2017 and 2018. The dotted lines depict percentage levels. So for example, in 2016, 50% of store's revenue came from its Electronics department while 40% of its costs were incurred in the Produce department.In this setup, Profit is computed as (Revenue - Cost) and Percentage Profit as Profit/Cost × 100%.It is known that 1. The percentage profit for the store in 2016 was 100%. 2. The store’s revenue doubled from 2016 to 2017, and its cost doubled from 2016 to 2018. 3. There was no profit from the Electronics department in 2017. 4. In 2018, the revenue from the Clothing department was the same as the cost incurred in the Produce department.Q. What percentage of the total profits for the store in 2016 was from the Electronics department?Correct answer is '70'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice A large store has only three departments, Clothing, Produce, and Electronics. The following figure shows the percentages of revenue and cost from the three departments for the years 2016, 2017 and 2018. The dotted lines depict percentage levels. So for example, in 2016, 50% of store's revenue came from its Electronics department while 40% of its costs were incurred in the Produce department.In this setup, Profit is computed as (Revenue - Cost) and Percentage Profit as Profit/Cost × 100%.It is known that 1. The percentage profit for the store in 2016 was 100%. 2. The store’s revenue doubled from 2016 to 2017, and its cost doubled from 2016 to 2018. 3. There was no profit from the Electronics department in 2017. 4. In 2018, the revenue from the Clothing department was the same as the cost incurred in the Produce department.Q. What percentage of the total profits for the store in 2016 was from the Electronics department?Correct answer is '70'. Can you explain this answer? tests, examples and also practice CAT tests.
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