nnpc

nnpc

In which year was there the highest ratio of average sales price: average production cost?

        A.  2006

        B.  2007

        C.  2008

        D.  2009

        E.  2010

Answer: C

Explanation:

Calculate the ratio for each of the 5 years shown; 2010 2009 2008 2007 2006 Average £62,709 £60,296 £63,188 £51,607 £51,602 sales price Production £14,500 £15,800 £13,600 £11,400 £13,750 cost Ratio 4.3:1 3.8:1 4.6:1 4.5:1 3.8:1 Thus the correct answer is (C), 2008

nnpc

What were the total production costs for 2009 (to the nearest £100,000)?

        A.  £199.6 million

        B.  £199.7 million

        C.  £216.2 million

        D.  £216.3 million

        E.  £242.2 million

Answer: A

Explanation:

Production costs = production cost per car x number of cars = £15,800 x 12,636 = £199.648 million = £199.6 million (to the nearest £100,000) Thus the correct answer is (A), £199.6 million

nnpc

If the average sale price for 2010 was 5% higher, but the number of cars sold that year was 9% lower, by what percent would the sales revenue have decreased for 2010?

        A.  No change

        B.  3.50%

        C.  3.55%

        D.  4.45%

        E.  4.60%

Answer: D

Explanation:

Step 1 – calculate the new average sales price £62,709 x 105% = £65,844.45 Step 2 – calculate the new number of cars sold 16,710 x 91% = 15,206.1 Note: they can’t sell .1 of a car so we will use 15,206.0. In this question it doesn’t actually make a difference to the final answer but it’s worth remembering things like this for other questions. Step 3 – calculate the total sales increase £ 65,844.45 x 15,206 = £1,001.230707 million Step 4 – calculate the total sales decrease as a % 1,001.230707 ¸ 1,047.9 = 0.95546, which is a 4.45% decrease. Thus the correct answer is (D), 4.45%

nnpc

In 2008, car sales were split across 3 equally-priced models in the ratio of 7:8:6 for models A, B and C respectively. What was the sales revenue for model A?

        A.  £287 million

        B.  £335 million

        C.  £382 million

        D.  £383 million

        E.  Can’t tell from data

Answer: B

Explanation:

Apply the ratio to the total sales for 2008 7x £1,005.0 m / 21 = £335 million. Note: we can answer this question because we are told that the three models were equally priced. If we were not told this information we would have to answer “cannot tell”. Thus the correct answer is (B), £335 million

nnpc

In which year, or years, was there a 2:1 Staff costs: Property depreciation ratio?

        A.  2010

        B.  2007 and 2008

        C.  2008 and 2009

        D.  2007 and 2009

        E.  2006, 2007 and 2009

Answer: D

Explanation:

This can probably be done in your head: go along the columns and double the Property depreciation to see if it equals the Staff costs. You will see this is true for years 2007 and 2009. 2006 2007 2008 2009 2010 Staff costs / 226 /120 234 /117 248 /112 230 /115 215 /132 Property depreciation >2 2 >2 2 <2 Thus the correct answer is (D), 2007 and 2009


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