The table above shows the annual sales of WineBrokers.com, a small online wine merchant. Use this information to answer the following questions.
What percentage of total cases of wine sold over the four year period were rose?
Answer: E
Explanation: The volume sales of wine over the 4 years were as follows: Rose 1100 cases Red 1470 cases White 1410 cases This gives a total of 3980 cases, of which 1100 were rose. This equates to (1100/3980) * 100 = 27.6%
If white wine increased in price by 10% from 2005 to 2006, what would be the approximate average cost per case over the five year period?
Answer: B
Explanation: If white wine increase by 10% in 2006, it would cost $145 * 1.1 = $159.50 per case. The average cost over 5 years would be approximately (115+125+135+145+159.50)/5 = $136 per case.
What is the difference in the value of red wine sales between 2002 and 2003?
Answer: A
Explanation: In 2002, 380 cases of red wine were sold at $138 per case = $52,440. In 2003, 370 cases of red wine were sold at $148 per case = $54,760. Therefore the difference in value was $2,320.
What is the approximate value of rose wine sold over the four year period in thousands of dollars?
Answer: C
Explanation: The approximate value of rose wine sold over the period is as follows: 2002 260 cases at $112 per case = $29,120 2003 280 cases at $121 per case = $33,880 2004 280 cases at $122 per case = $34,160 2005 280 cases at $122 per case = $34,160 This gives a total value of approximately $131,000
What was the average number of cases sold per year over the four year period?
Answer: D
Explanation: The number of cases of all types of wine sold over the 4 years was 3,980. This gives an average (3980/4) of 995 cases per year.
