Paper 1 · Data Interpretation
UGC NET June 2024 Re-Exam (26.08.2024) Shift-I
Passage
The table shows the revenue in lakh rupees earned by a publishing house from the sale of three types of publications, namely journals, magazines and books, during four years from 2020 to 2023. The year-wise revenue is: 2020, journals 45, magazines 35, books 70; 2021, journals 47, magazines 40, books 80; 2022, journals 40, magazines 42, books 87; 2023, journals 40, magazines 54, books 79. Based on the data, answer the questions that follow.
If in 2024 the revenue growth over 2023 is the same as the growth from 2022 to 2023, then what will be the approximate revenue in 2024? (Note: the paper's printed key is Rs. 187.075 lakh, but its own working gives about Rs. 177.095 lakh, which is taken here.)
ARs. 194.063 lakh
BRs. 187.075 lakh
CRs. 172.083 lakh
DRs. 177.095 lakh ✓ Correct
Correct answer: (D) Rs. 177.095 lakh — The approximate 2024 revenue is about Rs. 177.095 lakh, so that is the answer.
Explanation
★The approximate 2024 revenue is about Rs. 177.095 lakh, so that is the answer.
★The total revenue in 2022 is 40 plus 42 plus 87, which is 169.
★The total revenue in 2023 is 40 plus 54 plus 79, which is 173.
★The growth from 2022 to 2023 is 4 on 169, about 2.37 percent.
★Applying the same growth to 173 gives 173 times 1.0237.
★That is about Rs. 177.095 lakh, matching the paper's own working.
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