BUISENESS MANAGEMENT
INSURANCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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For the year 2008, 2009, 2010 if the rate of gross profit were 15%, 20%, and 18%respectively, then the rate of Average gross profit for the year 2011 will be:
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15%
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18.75%
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17.67%
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53%
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Explanation:
Detailed explanation-1: -then, → Rate of gross profit in (2008 + 2009 + 2010) = 15% + 20% + 18% = 53% . therefore, → The Average gross profit for the year 2011 = (Total gross Profit) / 3 = 53/3 ≈ 17.67% (Ans.)
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