Question 73

Refer the below data table and answer the following question.

What was the revenue of the company if its expenditure was Rs. 350 crore in the year when its % profit was the least ?

Solution

Profit % was least in 2013 = 5%

Let revenue = Rs. $$x$$ crore and expenditure = Rs. 350 crore

=> Profit % = $$\frac{x - 350}{350} \times 100 = 5$$

=> $$\frac{x - 350}{350} = \frac{5}{100} = \frac{1}{20}$$

=> $$x - 350 = \frac{350}{20} = 17.5$$

=> $$x = 350 + 17.5 = 367.5$$ crore

=> Ans - (A)

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