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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 183
If each of the Companies A and B invested Rs. 25 lakhs in 2010, what was the average profit earned by the two Companies?
Solution
Investment = 25 lakhs.
We use the formula Percent profit =$$\frac{Profit Earned}{Total Investment}\times100$$
So, for A, the profit earned = 90 * 25/100 = 22,50,000
For B, the profit earned = 70 * 25/100 = 17,50,000
So, the average = 20 lakhs.
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