Comprehension

Directions for Questions: These questions are based on the table and information given below.

The following is the wholesale price index (WPI) of a select list of items with the base year of 1993-94. In other words, all the item prices are made 100 in that year (1993-94). Prices in all other years for an item are measured with respect to its price in the base year. For instance, the price of cement went up by 1% in 1994-95 as compared to 1993-94. Similarly, the price of power went up by 3% in 1996-97 as compared to 1993-94.

CAT/2003

Question . 184

Let us suppose that one bag of cement (50 kgs) consumes 100 kgs of limestone and 10 units of power. The only other cost item in producing cement is in the form of wages. During 1993-94, limestone, power and wages contributed, respectively, 20%, 25%, and 15% to the cement price per bag. The average operating profit (% of price per cement bag) earned by a cement manufacturer during 2002-03 is closest to