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Instructions
Study the following graph to answer the given question.
% Profit=$$\frac{Income - Expenditure}{Expenditure}\times100$$
Question 150
In 2002-03, the income of Company Y was Rs. 128 crores. What was its expenditure in that year ?
Solution
% profit = 100 * (I-E)/E
For Y in 2002 - 03, the % profit = 60%
So, 60 = 100* (128 - E)/E
Hence, E = 80 crores
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