Instructions
Study the following graph carefully to answer the question that follow:
Percent profit made by two companies over the years
$$Per cent Profit =\frac{Income-Expenditure}{Expenditure}\times100$$
Question 127
If the amount of profit earned by Company A in the year 2007 was Rs 1.5 lakhs what was its expenditure in that year ?
Solution
Expenditure = (profit / profit %) * 100 (Since, profit = inc - exp)
=> exp = (1,50,000/40)*100 = 3,75,000
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