The following table shows the Income and Expenditure (in million ₹) of five companies A-E in the year…
Income of D in 2021 is 40, which is 10 percent more than its 2020 income, so the 2020 income is \(\frac{40}{1.1}=36.36\) million. With a 20 percent profit in 2020, income…
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 |
If the income of Company D in 2021 was 10% more than its income in 2020 and the company had earned a profit of 20% in 2020, then its expenditure (in million ₹) in 2020 was approximately
Answer and explanation
Correct answer B
Income of D in 2021 is 40, which is 10 percent more than its 2020 income, so the 2020 income is million. With a 20 percent profit in 2020, income equals 1.2 times expenditure. Hence expenditure million.
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