Question 61
The line chart given below shows the profit percentage of a company on 5 different products P1, P2, P3, P4 and P5.
The revenue of product P3 is 38100. What is expenditure of product P3 ?
Solution
We know that Profit = $$\dfrac{R-E}{E}\times100$$ where R = Revenue, E = Expenditure
Given, Revenue = Rs.38100, Profit = 27%
$$\dfrac{38100-E}{E}\times100 = 27$$
=> $$3810000 - 100E = 27E$$
=> $$127E = 3810000$$
=> $$E = 30000$$
Therefore, Expenditure of P3 = Rs.30000
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