How to solve Iift 2016 Question 41?

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 41

This is a detailed step-by-step solution for Iift 2016 Question 41. Understand the concept, common mistakes, and expert tips to solve similar questions in IIFT exam.

IIFT

Average revenue of A in 2011, 2012 and 2013 = (Sum of revenues of A in 2011,2012 and 2013)/3 = (120000+165000+135000)/3
(Since values given are in thousands)
= 140000
Average revenue of B in 2013, 2014 and 2015 = (Sum of revenues of B in 2013,2014 and 2015)/3 = (165000+150000+165000)/3
=160000
Absolute difference = 160000-140000 = 20000

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