Question 73
What was the revenue of the company if its expenditure was Rs. 350 crore in the year when its % profit was the least ?
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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