The following table shows the Income and Expenditure (in million ₹) of five companies A-E in the year…
For A and B together the income is \(35+50=85\) million and the expenditure is \(45+40=85\) million. Since income equals expenditure, the profit or loss is…
Choose your answer
The following table shows the Income and Expenditure (in million ₹) of five companies A-E in the year 2021. The percent profit or loss of a company is given by:
(Profit/Loss) % = [(Income − Expenditure)/ Expenditure] × 100.
Based on the data in the table, answer the question.
| Company | Income (in million ₹) | Expenditure (in million ₹) |
|---|---|---|
| A | 35 | 45 |
| B | 50 | 40 |
| C | 40 | 45 |
| D | 40 | 30 |
| E | 50 | 45 |
The companies A and B together had a percentage profit/loss of
Answer and explanation
Correct answer D
For A and B together the income is million and the expenditure is million. Since income equals expenditure, the profit or loss is . Hence there was neither profit nor loss.
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