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Study the following graph carefully to answer these question .
per cent profit earned by two companies producing electronic goods over the years
% $$profit = \frac{profit Earned}{Total Investment}\times100$$
profit Earned=Total Income-Total Investment in the year
Question 132
If the investments of company A in 2007 and 2008 were equal what is the difference between the profits earned in the two years if the income in 2008 was rs 24 lakh ?
Solution
Investment in 2008 = 1.6x=24 lakhs, x=15 lakhs
Profit in 2007 = 0.45 *15= 6.75 lakhs
Difference in profit= 9-6.75=2.25 lakhs
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