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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
If the amount invested by the Company B in 2004 is Rs. 12 lakhs and the income of 2004 is equal to the investment in 2005, what was the amount of profit earned in 2005 by Company B?
Percent profit =$$\frac{Profit Earned}{Total Investment}\times100$$
Investment in 2004 = 12 lakhs.
Percent profit for B = 55%
So, profit earned = .55 * 12 = 6.6 lakhs
Profit Earned = Total Income - Total Investment in the year
Total income for 2004 = 6.6 + 12 = 18.6 lakhsInvestment in 2005 = 18.6 lakhs
Percent Profit = 55%
Profit earned = .55 * 18.6 = 10.23 lakhs
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