Question 58
The following graph shows Gross Traffic Receipts and Total Expenditure (in ₹) from 2015 to 2019 .
In order to make a profit of 10%, what should have been the approximate gross traffic receipts in 2016, total expenditure remaining the same ?
Solution
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
