Question
In 2017, Bangladesh imported 60% of its total wheat
requirement, while the remaining 40% was produced domestically. In 2018, the country's wheat production increased by 20% compared to 2017, but the wheat requirement also increased by 25% compared to the previous year. As a result, Bangladesh had to import 4,845 tons more wheat in 2018 than in 2017 to meet its needs. By how many tons was the total wheat production in 2017 less than that in 2018?Solution
In 2017, let the requirement of wheat in Bangladesh = a tons
Total wheats imported = 60% of a = 0.6a
The wheat produced = 40% of a = 0.4a
In 2018, total production = 120% of 0.4a = 0.48a
Total requirement = 125% of a = 1.25a
Total wheat imported = 1.25a - 0.48a = 0.77a
According to the question, 0.77a - 0.6a = 0.17a = 4845
a = 28500 tons
The required answer = 0.48a - 0.4a = 0.08a = 0.08*28500 = 2280
Each of the following statements illustrates a reason why creating and delivering new services is much more difficult than creating new tangible product...
All of the following are described as best practices for companies using social media as part of their strategy, except:
When considering buying the latest smartphone, you talk to various friends, research extensively online, and demo several products in store. What are yo...
When a bank increases marketing efforts for education loans during admission season, it is leveraging:
All of the following are steps in completing the promotion decision for an Integrated Marketing Communications program, except:
A dealer is another more imprecise term for each of the following EXCEPT:
Which factor most influences adoption of mobile banking among elderly customers?
An ad for The Orchard high School, a private school for children, has the headline, "Bringing out the best in every child" This ad is appealing to the p...
A bank observes that customers who actively use mobile banking maintain higher account balances. This insight supports strengthening which strategy?
Which research technique is most suitable to test customer reaction to a new app interface before launch?