Fig 1.8
If Company C’s sales in 2009 were in the ratio of 8:7 for online: offline sales, what were the offline sales (to the nearest £1,000)?
£110,000
£1,000,000
£1,100,000
£1,110,000
£1,111,000
Step 1 – use Manufacturer C’s 2009 total sales figure from the previous question i.e. 2,380,000 (312,500 + 396,700 + 546,300 + 595,500 + 529,000)
Step 2 – put this figure into the question’s ratio Online sales + offline sales = 2,380,000 Offline sales = (2,380,000 x 7)/ (7+8) = 1,110,667
Step 3 - to the nearest £1,000 = 1,111,000 Thus the correct answer is (E), £1,111,000
What is the percentage increase in Company C’s total sales for 2010 compared its 2009 total sales?
0.83%
0.84%
0.85%
0.86%
0.87%
The information that you need is shown in the table.
Step 1 – calculate 2009’s total sales 312,500 + 396,700 + 546,300 + 595,500 + 529,000 = 2,380,000
Step 2 – calculate 2010’s total sales 278,500 + 470,400 + 502,000 + 643,100 + 506,000 = 2,400,000
Step 3 – calculate the % difference 2,400,000 / 2,380,000 = 1.0084 which is a 0.84% increase.
Thus the correct answer is (B), 0.84%
Manufacturers B and D each aim to increase their annual sales from 2010 to 2011 by a quarter. Manufacturers A, C and E each aim to grow their annual sales by a fifth. Assuming all companies meet these targets, what will be 2011’s total furniture manufacturer sales (to the nearest £million)?
£13 million
£14 million
£15 million
£16 million
£17 million
The information that you need is shown in the pie-chart.
Step 1 - Calculate the 2011 targets for each garden furniture manufacturer Manufacturer A: 1.2 x 1.2 = 1.44 Manufacturer B: 3.3 x 1.25 = 4.125 Manufacturer C: 2.4 x 1.2 = 2.88 Manufacturer D: 2.7 x 1.25 = 3.375 Manufacturer E: 2.4 x 1.2 = 2.88
Step 2 – Calculate the total 2011 target for all garden furniture manufacturers 1.44 + 4.125 + 2.88 + 3.375 + 2.88 = 14.7
Step 3 – to the nearest £million = £15 million Note: in this question we were lucky that £14.7 million was not an available answer. Sometimes questions deliberately include the answer not rounded as required, to catch you out.
Thus the correct answer is (C), £15 million
Which garden furniture manufacturer has 22.5% of the UK market in terms of 2010 annual sales?
Manufacturer A
Manufacturer B
Manufacturer C
Manufacturer D
Manufacturer E
Step 1 – Calculate the total annual sales for all furniture manufacturers 1.2 + 3.3 + 2.4 + 2.7 + 2.4 = £12 million
Step 2 – Next, the quickest way to complete this question is to calculate 22.5% of the 12 million and see which manufacturer has this sales value. So 22.5% of 12 is 2.7. We immediately see that Manufacturer D has sales of 2.7 (ignoring any units). Alternatively, the slower way would be to calculate the % of the UK market held by each furniture manufacturer:
Manufacturer A = 1.2/12 x 100% = 10% Manufacturer B = 3.3/12 x 100% = 27.5% Manufacturer C = 2.4/12 x 100% = 20% Manufacturer D = 2.7/12 x 100% = 22.5% Manufacturer E = 2.4/12 x 100% = 20%
Thus the correct answer is (D), Manufacturer D
Fig 1.7
Which two manufacturing plants have the same total maintenance costs per week?
Midlands and Glasgow
Bordeaux and Glasgow
Bordeaux and Amsterdam
Midlands and Amsterdam
None of these
Calculate the total weekly maintenance costs for each production plant
Midlands = 196 + 1,050 + 300 + 95 + 650 + 525 = 2,816 Bordeaux = 204 + 1,100 + 250 + 236 + 600 + 400 = 2,790 Berlin = 212 + 950 + 275 + 164 + 450 + 400 =2,451 Amsterdam = 154 + 1,025 + 350 + 245 + 525 + 500 = 2,799 Glasgow = 195 + 875 + 300 + 189 + 720 + 425 = 2,704
Thus the correct answer is (E), None of these
