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Study the graph and answer the question that follows: Figure for JIPMAT 2021 LR question 22 (Data Interpretation) The graph indicates the cost of the production of a firm.
A = Raw material cost
B = Packing material cost
C = Fixed manufacturing expenses
D = Labour cost

The total value in rupees of all sectors is 120.0 lakh.

If the total labour cost increases to Rs. 2.4 lakh, what percentage increase does it represent?

Solution

✅ Correct Option: 2

Find current labour cost from pie chart:

Total value = Rs. 120 lakh

Labour cost (D) = (100−49−11−39.5)%=0.5%(100-49-11-39.5)\%=0.5\% of total

Current labour cost = 0.5100×120\frac{0.5}{100} × 120 = Rs. 0.60.6 lakh

New labour cost is given:

New labour cost = Rs. 2.42.4 lakh

Calculate percentage increase:

Percentage increase = New value - Original valueOriginal value×100\frac{\text{New value - Original value}}{\text{Original value}} × 100

= 2.4−0.60.6×100\frac{2.4 - 0.6}{0.6} × 100

= 1.80.6×100\frac{1.8}{0.6} × 100

= 3×1003 × 100

= 300%300\%

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