In 2004, the prices of plywood, sawn timber and logs went up by 5%, 1% and 10% respectively and the total sales were made up of 40% plywood, 30% sawn timber and 30% logs. The average realization per cubic metre in 2004 was closest to

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Directions: Consider the following graph where the prices of timber are given for the period 1997 ?2003. The prices for plywood and sawn timber are given in Rs/m^3 while the price of logs is given in Rs/tonne. Assume 1 tonne in equal to 1,000 kg and one cu. M. of log weights 800kg.
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In 2004, the prices of plywood, sawn timber and logs went up by 5%, 1% and 10% respectively and the total sales were made up of 40% plywood, 30% sawn timber and 30% logs. The average realization per cubic metre in 2004 was closest to

A. Rs. 15,500

B. Rs. 16,135.5

C. Rs. 14,500

D. Rs. 18,500

20000 \times (1 + 5 %) \times \frac{40}{100} + 16000 \times \frac{101}{100} \times \frac{30}{100} + 700 (\frac{110}{100}) (\frac{30}{100}) (\frac{1000}{800})

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Accepted Answer

B. Rs. 16,135.5

In 2004, the prices of plywood, sawn timber and logs went up by 5%, 1% and 10% respectively and the total sales were made up of 40% plywood, 30% sawn timber and 30% logs. The average realization per cubic metre in 2004 was closest to

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