Read the data carefully and answer the questions.
Note: (i) Market value = Total number of shares × price of one share
(ii) Number of shares increased by 20% from 2001 to 2002 and price of share decreased by 5% from 2002 to 2003.
(iii) Price of share decreased by 12% from 2005 to 2006 and number of shares decreased by 10% 2005 to 2006.
Find the ratio of total market value received in 2005 to that of in 2003.
Correct Answer :
250 : 171
Solution :
The correct option is 250 : 171.
To find the ratio of the total market value received in 2005 to that in 2003, we need to extract the relevant data from the two charts and apply the given notes.
From the first bar chart (Total shares):
- Total shares in 2001 = 10,000
- Total shares in 2003 = 30,000
- Total shares in 2005 = 25,000
From the second bar chart (Price per share in Rs.):
- Price per share in 2002 = Rs. 75 (halfway between 70 and 80)
- Price per share in 2006 = Rs. 110
According to Note (iii):
The price of a share decreased by 12% from 2005 to 2006. Let the price of a share in 2005 be .
Using Note (i): Market value = Total number of shares × price of one share.
For 2005:
According to Note (ii):
The price of a share decreased by 5% from 2002 to 2003. Let the price of a share in 2003 be .
For 2003:
Now, we find the ratio of total market value received in 2005 to that in 2003:
Simplifying the fraction by dividing both terms by 12,500:
Thus, the ratio is 250 : 171.
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