Instructions

These questions are based on the graph given below :
Per cent-Pro t earned by six companies during 2000 and 2001

Question 121

If the income of company A in the year 2001 was Rs. 35 lakhs, what was its expenditure in that year ?

Solution

Profit % earned by A in 2001 = 40 %

Income of company A in year 2001 = Rs. 35 lakhs

Let expenditure of the company = Rs. $$x$$ lakhs

=> $$\frac{35 - x}{x} \times 100 = 40$$

=> $$3500 - 100x = 40x$$

=> $$100x + 40x = 140x = 3500$$

=> $$x = \frac{3500}{140} = 25$$ lakhs

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