Free Practice Question
CR · Critical Reasoning
605-655
Conclusion
In the year 2010, coconut oils comprised 35% of the liquid oils market, with canola oils taking 50% and other oils accounting for the remainder. Recently, driven by health trends and a shift towards organic products, the situation has changed. Currently, the coconut oil sector is valued at approximately $120 million and represents about 55% of the total market.
Which of the following conclusions can most properly be drawn from the information above?
Answer Choices
Correct answer marked belowA
(A) In 2010, the total worth of the coconut oil sector was less than $120 million.
B
(B) The total sales of the canola oils today are lower than their sales in 2010.
C
(C) Coconut oil is healthier than all other liquid oils available in the market.
(D) The market share of the canola oils category today must have declined from what it was in 2010.
Correct
E
(E) The total worth of the other oils category today is higher than what it was in 2010.
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Explanation
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Official Explanation
Official
In 2010, coconut oils made up 35% of the liquid oils market, and canola oils made up 50%. This means that the remaining 15% was attributed to other oils. If the coconut oil sector is now worth $120 million and accounts for 55% of the total market, we can calculate the total market value today. Let the total market value be represented as 'x'. Therefore, we have: 0.55x = 120 million. Solving for 'x', we…
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L
LalaFeb 3, 2025
Thank you very much!
J
JApr 3, 2025
thankss
B
BryanNov 18, 2024
Thank you very much!
D
DivijaMay 7, 2024
Thank for sharing!!!
What this question tests
What it tests
Whether you can identify the argument's main conclusion as opposed to a supporting premise.
Common trap
Selecting a restatement of a premise or a side point instead of the central conclusion.
Details
Difficulty
605-655
Type
CR