Instructions
Study the given bar graph and answer the questions that follows.
Profit percent = $$\frac{Income - Expenditure}{Expenditure} \times 100$$
Question 75
If the expenditure of company A in 2018 and 2020 was the same, then what was the
ratio of the incomes of the company in 2018 and 2020, respectively?
Solution
Profit % = $$\frac{Income\ -\ Expenditures}{Expenditures}\times\ 100$$.
Profit % of A for 2018 and 2020 is 40 and 35 respectively.
We will assume the expenditure to be 1 and calculate Income for both years using the stated formula.
Incomes for 2018 and 2020 will be $$\frac{100}{140}\ and\ \frac{100}{135}$$ respectively.
Their ratio will be 28:27.
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