Instructions
Study the following graph carefully to answer the questions.
Percent Profit Earned by Two Companies Producing Electronic Goods over the Years
percent profit =$$\frac{Profit Earned}{Total Investment}\times100$$
Profit Earned = Total Income - Total Investment in the year
Question 180
If the amount of profit earned by Company A in 2006 was Rs.10.15 lakhs, what was the total investment?
Solution
Percent profit =$$\frac{Profit Earned}{Total Investment}\times100$$
55 = $$\frac{10.15}{Total Investment}\times100$$
So, investment = 10.15/.55 = 18.45
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