Question 64

Given bar graph shows, total expenditure and the gross receipts of a company (in ₹ crores). Study the graph and answer the question that follows.

In order to make a profit of 20%, what should have been the gross receipts (in crore ₹) in 1995-96, if the total expenditure remained the same?

Solution

From the bar graph,

Total expenditure in 1995-96 = 5500

Let the gross receipts in 1995-96 to make 20% = a

$$\Rightarrow$$ a - 5500 = $$\frac{20}{100}\times$$a

$$\Rightarrow$$ a - $$\frac{1}{5}\times$$a = 5500

$$\Rightarrow$$ $$\frac{4}{5}\times$$a = 5500

$$\Rightarrow$$ a = 6875

$$\therefore\ $$The gross receipts in 1995-96 to make 20% = 6875

Hence, the correct answer is Option C

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