According to a recent survey report issued by the
Commerce Ministry, Government of India, 30% of
the total FDI goes to Gujarat and 20% of this goes
to rural areas. If the FDI in Gujarat, which goes to
urban areas, is $72 m, then find the size of FDI in
rural Andhra Pradesh, which attracts 50% of the FDI
that comes to Andhra Pradesh, which accounts for
20% of the total FDI?
(a) $30 m
(b) 89 m
(c) $60 m
(d) $40 m
Answers
Answer:
$30m
30m%of total fdi given to Gujarat is $90m
so,100%is $300m
20%of 300m =60m
50%of 60m=30m
Answer:
Step-by-step explanation:
Let total FDI = x
According to the question,
30% of x = goes to Gujarat
20% of 30% of x = goes to rural Gujarat
FDI in Gujarat that goes to urban areas = $72 m
If 20% of 30% of x, goes to rural Gujarat, then remaining 80% of 30% of x goes to urban Gujarat (i.e. $72 m).
Therefore,
80% of 30% of x = $72 m
4/5 * 3/10 * x = 72
6x/25 = 72
x = 72*25/6
x = $300 m
FDI to Andhra Pradesh = 20% of total FDI
= 20% of 300
= 1/5 * 300
= $60 m
So, according to the question we need to find the size of FDI in rural Andhra Pradesh.
Given,
Rural Andhra Pradesh attracts 50% of FDI that comes to Andhra Pradesh.
Therefore, 50% of FDI to Andhra Pradesh = 50% of $60 m
= 1/2 * 60
= $30 m
Therefore, The size of FDI that comes to rural Andhra Pradesh is $30 m.
Answer,
Option : ( a )