Question 98

Refer the below data table and answer the following question

What was the revenue of the company if its expenditure was Rs 650 crore in the year when its % profit was the least?

Solution

Profit % was least in 2014 = 5%

Let revenue = Rs. $$x$$ crore and expenditure = Rs. 650 crore

=> Profit % = $$\frac{x - 650}{650} \times 100 = 5$$

=> $$\frac{x - 650}{650} = \frac{5}{100} = \frac{1}{20}$$

=> $$x - 650 = \frac{650}{20} = 32.5$$

=> $$x = 650 + 32.5 = 682.5$$ crore

=> Ans - (A)

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