Directions (Q. Nos. 1-4): Consider the following graph where the prices of timber are given for the period 1997-2003. The prices for plywood and sawn timber are given in Rs./m3 while the price of logs is given in Rs. /tonne. Assume 1 tonne in equal to 1000 kg and one cubic meter of logs weighs 800 kg.
Timber Product Prices
Question 1: Which product had the largest percentage increase in price per cubic meter over the 7 yr period?
(a) Sawn timber
(b) Logs
(c) Plywood
(d) Cannot be determined
Question 2: The maximum increase in price per cubic meter for any product between two years was
(a) Rs. 2500
(b) Rs. 3000
(c) Rs. 2000
(d) Rs. 4125
Question 3: In 2003, the total sales of the company measured in cubic meters was made up of 40% plywood, 30% sawn timber and 30% logs.The average realisation per cubic meter in 2003 was closest to
(a) Rs. 16500
(b) Rs. 13500
(c) Rs. 14480
(d) Rs. 18000
Question 4: In 2004, the prices of plywood, sawn timber and logs went up by 5%, 1% and 10%, respectively and the total sales were made up of 40% plywood, 30% sawn timber and 30% logs. The average realisation per cubic meter in 2004 was closest to
(a) Rs. 15000
(b) Rs. 16150
(c) Rs.14500
(d) Rs.18500
Highest Percentage increase occurs in logs case.then how can the answer be option b.
i have the same doubt