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