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A shaving set company sells 4 different types of razors, Elegance, Smooth, Soft and Executive. Elegance sells at Rs. 48, Smooth at Rs. 63, Soft at Rs. 78 and Executive at Rs. 173 per piece. The table below shows the numbers of each razor sold in each quarter of a year.
Quarter | Product | Elegance | Smooth | Soft | Executive
Q1 | 27300 | 20009 | 17602 | 9999
Q2 | 25222 | 19392 | 18445 | 8942
Q3 | 28976 | 22429 | 19544 | 10234
Q4 | 21012 | 18229 | 16595 | 10109
Which product contributes the greatest fraction to the revenue of the company in that year?
- Elegance
- Executive
- Smooth
- Soft
Correct answer: Executive
Solution
The Executive razor, despite its higher price, sold a significant number of units, leading to the highest total revenue contribution compared to the other products. Its price point of Rs. 173 means that even with fewer sales, it can generate more revenue than the lower-priced razors.
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