Instructions

Study the following graph to answer the given question.

% Profit=$$\frac{Income - Expenditure}{Expenditure}\times100$$

Question 148

In 1997-98, the expenditure of Company X was Rs. 40 crores. What was its income in that year ?

Solution

% profit = 20% and E = 40 crores

%p = 100* (I-E)/E

So, 20 = 100 * (I - 40)/40

So, I = 48 crores

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