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19 Sep 2025, 00:49
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C
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Difficulty:
15%
(low)
Question Stats:
87% (00:53) correct
13%
(01:03)
wrong
based on 75
sessions
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If a public distribution company loses 5 percent of its monthly allotment of wheat in a month because of wastage, pilferage and theft, what is the cost in dollars to the company per month for this loss?
(1) The company’s monthly wheat allotment is 400 million tons.
(2) The cost to the company for each 10,000 tons of wheat loss is $5
(1) The company’s monthly wheat allotment is 400 million tons.
(2) The cost to the company for each 10,000 tons of wheat loss is $5
19 Sep 2025, 10:41
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We need to find the cost in dollars for the monthly loss of 5%.
For this, we need the total allotment and the cost per kg lost
Statement 1: Gives the overall total allotment of wheat, which is 400 million tons (Alone not sufficient)
Statement 2: Gives the overall cost to the company for each kg (Alone, not sufficient)
Together, statements 1 and 2 will answer the question.
For this, we need the total allotment and the cost per kg lost
Statement 1: Gives the overall total allotment of wheat, which is 400 million tons (Alone not sufficient)
Statement 2: Gives the overall cost to the company for each kg (Alone, not sufficient)
Together, statements 1 and 2 will answer the question.
19 Sep 2025, 21:20
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The company faces 5% loss of wheat .
We need to find the cost for this loss to the company.
Option 1: wheat allotment is 400 M -> 5% of this 20M but we don't know the cost of this 20m ton of wheat. So not sufficient.
Option 2:
For 10,000 ton of wheat the loss is 5$, but we don't the quantity of wheat it losses. Hence not sufficient.
Option1+2 we get that it loses 20M wheat and 10,000 ton it cost 5$ so from here we can easily find out the loss it faces (20M/10000)*5
Hence it should be option C
We need to find the cost for this loss to the company.
Option 1: wheat allotment is 400 M -> 5% of this 20M but we don't know the cost of this 20m ton of wheat. So not sufficient.
Option 2:
For 10,000 ton of wheat the loss is 5$, but we don't the quantity of wheat it losses. Hence not sufficient.
Option1+2 we get that it loses 20M wheat and 10,000 ton it cost 5$ so from here we can easily find out the loss it faces (20M/10000)*5
Hence it should be option C
Bunuel
