Instructions

Study the following graph (i) and (ii) which shows income in(₹ in crores) and percentage profit over the years 2003 to 2008, and answer the questions

Question 38

Approcimately what was the average expenditure(in ₹ crores) for the given years?

Solution

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Profit % = $$\frac{Income\ -\ Expenditure}{Expenditure}\times\ 100$$.
Using this formula, we can calculate uniquely the Expenditures for every year.
The expenditures will be: 111.6, 65.3, 75.6, 56, 102.21 and 83.3 for the years 2003, 2004, 2005, 2006, 2007 and 2008 respectively.
This gives the average amount of Expenditures = Sum/6 $$\approx\ $$ 82.2.

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