Over the period, the profits formed what approximate percent of the total cost?
Explanation:
Consider the solution for the first question of this set.
From 2021 to 2025, the total amount spent on raw-materials, wages, overheads, interest is respectively 400, 330, 110 and 270 units.
Thus, the total cost in the given period is 400 + 330 + 110 + 270 = 1110 units.
In the same period, the total profit is 50 – 50 + 40 + 60 + 30 = 130 units.
Thus, the required percentage is (130/1110) × 100 = 11.7% ≈ 12%.
Hence, option (a).
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