If the expenditure of company G in 2000 was 20% more than its expenditure in the year 1999 and the company earned a profit of 10% in 1999, what was the company income in 1999 (in crore Rs. ) ?

Solution

Expenditure of G in 2000 = 45

It is 20% more than 1999.

So, expenditure in 1999 = 45/1.2 = 37.5

%profit = 100* (I - e)/e

10% = (I - 37.5)/37.5

So, I = 41.25

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