Question 48
Read the below data table and answer the following question
What was the revenue of the company if its expenditure was rupees 225 crore in the year when it % profit was the least ?
Solution
Profit % was least in 2011 = 10%
Let revenue = Rs. $$x$$ crore and expenditure = Rs. 225 crore
=> Profit % = $$\frac{x - 225}{225} \times 100 = 10$$
=> $$\frac{x - 225}{225} = \frac{10}{100} = \frac{1}{10}$$
=> $$x - 225 = \frac{225}{10} = 22.5$$
=> $$x = 225 + 22.5 = 247.5$$ crore
=> Ans - (B)
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