Instructions

Study the following graph carefully and answer questions given below it.

Percent Profit = $$\frac{Income-Expenditure}{Expenditure}*100$$

Question 156

Total expenditure of Company A in all the years together was Rs. 128.5 lakhs. What was the total income of the Company in all the years together ?

Solution

We can calculate the income of a particular year from the expenditure by using the formula % profit = $$\frac{Income-Expenditure}{Expenditure}*100$$

But we can't calculate the total income over many years with the total expenditure as the % profit is different for each year.

Share on Whatsapp Share on Whatsapp

Create a FREE account and get: