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Instructions
Study the following graph carefully and give answers.
Percentage Profit/ Loss = $$\frac{Income- Expenditure}{Expenditure} \times 100$$
Question 114
Which of the following companies had the highest percentage of profit/loss in 2000?
Solution
We use the given formula % profit = 100 * (I - E)/E
and substitute all the values in that formula.
% profit for A = 100* (37.5 - 27.5)/27.5 = 36.36%
after substituting for all the companies, we can observe that the highest % profit is for A
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