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Study the graph carefully to answer the question that follow
Per cent rise in profit of two companies over the years
Question 117
If the profit earned by Company M in the year 2008 was Rs 3.63 lakh what was the amount of profit earned by it in the year 2006 ?
Solution
Let the profit in 2006 be x.
So, the profit in 2007 = x * 1.25 (from the graph, there is a 25% increase in profit in 2007)
Profit in 2008 = x * 1.25 * 1.2
But that is equal to 3.63 lakhs
So, x = 3.63 /(1.25*1.2) = 2.42 lakhs
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