If the income of company Q in 2001 was 10% more than 2000 and the company had earned a profit of 20% in 2000, then its expenditure in 2000 (in crores) was:

Solution

Income of company Q in 2001 (in crores) = Rs. 40

=> Income of company Q in 2000 (in crores) = $$\frac{40}{(100+10)}\times100=Rs.$$ $$36.36$$

Profit % in 2000 = 20%

=> Expenditure of company Q in 2000 (in crores) = $$\frac{36.36}{(100+20)}\times100=Rs.$$ $$30.30$$

=> Ans - (A)

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