Question 73

Refer the below data table and answer the following question.

What was the revenue of the company if it expenditure was Rs. 675 crore in the year when it's % profit was the least ?

Solution

Profit % was least in 2014 = 5%

Let revenue = Rs. $$x$$ crore and expenditure = Rs. 675 crore

=> Profit % = $$\frac{x - 675}{675} \times 100 = 5$$

=> $$\frac{x - 675}{675} = \frac{5}{100} = \frac{1}{20}$$

=> $$20x - 13500 = 675$$

=> $$20x = 675 + 13500 = 14175$$

=> $$x = \frac{14175}{20} = 708.75$$ crore

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