Store Profit (in ₹ Lakh) earned in the year 2018 2019 2020 2021 2022 2023 A 12 18 24 21 15 30 B 9 15 18…
Store C invests 9 lakh in 2021 and earns a profit of 21 lakh, so its income is \(9+21=30\) lakh. Double that income is 60 lakh for store D, whose 2021 profit is 9 lakh. The…
Choose your answer
| Store | Profit (in ₹ Lakh) earned in the year | |||||
|---|---|---|---|---|---|---|
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| A | 12 | 18 | 24 | 21 | 15 | 30 |
| B | 9 | 15 | 18 | 12 | 21 | 24 |
| C | 27 | 33 | 24 | 21 | 30 | 36 |
| D | 15 | 12 | 18 | 9 | 21 | 9 |
| E | 18 | 21 | 15 | 15 | 12 | 24 |
Question: Owner of store C invests ₹ 9 lakh in 2021. What should be the investment of D in the same year to get an income which is double than that of store C?
Answer and explanation
Correct answer A
Store C invests 9 lakh in 2021 and earns a profit of 21 lakh, so its income is lakh. Double that income is 60 lakh for store D, whose 2021 profit is 9 lakh. The required investment is lakh rupees.
Practice for these exams
-
UGC NET Law
Subject revision
See pack details on LawMint.net -
UGC NET Paper I