Question 73

Refer the below data table and answer the question

What was the Revenue of the company if its Expenditure was Rs 575 crore in the year when its % profit was the least?

Solution

Profit % was least in 2012 = 5%

Let revenue = Rs. $$x$$ crore and expenditure = Rs. 575 crore

=> Profit % = $$\frac{x - 575}{575} \times 100 = 5$$

=> $$\frac{x - 575}{575} = \frac{5}{100} = \frac{1}{20}$$

=> $$x - 575 = \frac{575}{20} = 28.75$$

=> $$x = 575 + 28.75 = 603.75$$ crore

=> Ans - (B)

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