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Instructions
Study the graph carefully to answer the questions that follow:
Per cent profit made by two companies over the years
Per cent profit=$$\frac{Income-Expenditure}{Expenditure}\times 100$$
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
Amount of Profit = Income - Expenditure = 1.5 lakhs
Percentage of profit = 40%
1.5/x = 0.4
x = 3.75
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