Instructions
Study the following graph carefully and give answers.
Percentage Profit/ Loss = $$\frac{Income- Expenditure}{Expenditure} \times 100$$
Question 113
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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