How to solve Iift 2016 Question 38?

This question can be solved by applying the core concept explained in the solution above, followed by step-by-step calculation and elimination of options.

Which concept is tested in this question?

This question tests fundamental concepts commonly asked in IIFT exams.

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Iift 2016 Question 38

This is a detailed step-by-step solution for Iift 2016 Question 38. Understand the concept, common mistakes, and expert tips to solve similar questions in IIFT exam.

IIFT

Average annual expense for A(in thousands) = Sum of all annual expenses for A(in thousands)/Total no of years =
(105+185+100+120+110)/100 = 620/5
Similarly,
Average annual expense for B(in thousands) = (135+115+130+125+135)/5 = 640/5
Average annual expense for C(in thousands) = (165+155+190+100+100)/5 = 710/5
C has the highest average expense for given period.

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