Question 58

The following graph shows Gross Traffic Receipts and Total Expenditure (in ₹) from 2015 to 2019 .

Screenshot_36


In order to make a profit of 10%, what should have been the approximate gross traffic receipts in 2016, total expenditure remaining the same ?

According to question,

Expenditure in 2016 = ₹5800

Also, required profit = 10%

Now, Receipts should be = Expenditure + 10% profit

=5800 + 10% of receipts

Let, required receipts be x

So, $$x=5800+\dfrac{10}{100}\times\ x$$

or, $$x=5800+0.1\ x$$

or, $$x-0.1x=5800$$

or, $$0.9x=5800$$

or, $$x=\dfrac{5800}{0.9}=6444.44$$

So, total expenditure = ₹6444

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