Instructions
Study the following graph carefully and give answers.
Percentage Profit/ Loss = $$\frac{Income- Expenditure}{Expenditure} \times 100$$
Question 115
What is the approximate percentage of profit earned all the companies together in 2000 ?
Solution
The total income of all the companies = 37.5 + 42.5 + 35 + 50 + 40 + 32.5 + 50 = 287.5
Total expenditure = 27.5 + 32.5 + 45 + 40 + 45 + 25 + 45 = 260
% profit = $$ \frac{287.5 - 260}{260}*100$$ = 10.58%
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