Question 73

Refer the below data table and answer the following Question.

What was the revenue of the company if its expenditure was Rs 550 crore in the year when its % profit was the least?

Solution

Profit % was least in 2011 = 5%

Let revenue = Rs. $$x$$ crore and expenditure = Rs. 550 crore

=> Profit % = $$\frac{x - 550}{550} \times 100 = 5$$

=> $$\frac{x - 550}{550} = \frac{5}{100} = \frac{1}{20}$$

=> $$x - 550 = \frac{550}{20} = 27.5$$

=> $$x = 550 + 27.5 = 577.5$$ crore

=> Ans - (B)

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