Instructions
Direction: The graph below gives the percentage rise in profits of two companies over the years. Study the graph carefully to answer the questions that follow.
Question 61
If the profit earned by Company M in the year 2008 was Rs. 3.63 lakhs, what was he amount of profit earned by it in the year 2006 ?
Solution
Let the profit in 2006 be x.
Profit in 2007 = 5x/4
Profit in 2008 = 6/5 * 5x/4 = 3x/2 = 3.63 lakh
=> x = 1.21*2 = 2.42 lakh
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