If the income of company A increased by 10% in year 2000 from year 1999 and profit earned in 1999 was 20 what was its expenditure in 1999? (The value upto decimal places in crores)

Solution

Let the expenditure in 1999 be e

So profit = income - expenditure

20 = Income - e

Income in 2000 is 37.5

So, income in 1999 = 37.5 /1.1 (10% growth from 1999) = 34.09

So, 34.09 - 20 = 14.09

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