Question 98

Read the the table and answer the questions

What was the Revenue of the company if its Expenditure was Rs 400 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. 400 crore

=> Profit % = $$\frac{x - 400}{400} \times 100 = 5$$

=> $$\frac{x - 400}{400} = \frac{5}{100} = \frac{1}{20}$$

=> $$x - 400 = \frac{400}{20} = 20$$

=> $$x = 400 + 20 = 420$$ crore

=> Ans - (C)

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