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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 investments of the Company A in 2007 and 2008 were equal, what is the difference between profit earned in two years if the income in 2008 was Rs.24 lakhs?
Let the investment of company A in 07 and 08 be 100 x.
then, profit in 07 = 45 x
profit in 08 = 60 x
Income in 08 = 24 lacs = 60 x + 100 x (Since, income = profit + investment)
=> x = 15,000
Difference in profit = 60 x - 45 x = 15 x = 15 * 15,000 = 2.25 lakhs
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