The following table shows the income and expenditure (in ₹ millions) of a certain Company during the…
The 2018 profit was 15%, so a profit percent higher by 60% of that is \(15+0.6\times15=24\%\). With income of 359.6 million in 2021, expenditure was…
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The following table shows the income and expenditure (in ₹ millions) of a certain Company during the five years from 2018 - 2022, along with profit % and loss % incurred in all these years. Some values are missing in the table (indicated by '-') that you are expected to calculate if required. Based on the data in the table, answer the question.
Year-wise Income, Expenditure and Profit/Loss of a Company
| Year | Expenditure (in ₹ millions) | Income (in ₹ millions) | Profit %(+)/Loss %(-) |
|---|---|---|---|
| 2018 | 192 | - | +15% |
| 2019 | 248 | - | - |
| 2020 | 210 | - | +20% |
| 2021 | - | 359.6 | - |
| 2022 | - | - | -12% |
In 2021, if the profit percent (%) of the company was higher by 60% of the profit percent (%) in 2018, then the percent increase (approximately) in the expenditure of the Company in 2021 as compared to the previous year would be:
Answer and explanation
Correct answer D
The 2018 profit was 15%, so a profit percent higher by 60% of that is . With income of 359.6 million in 2021, expenditure was million. Against 210 million in 2020 the rise is , about 38%; adding 60 percentage points to the profit rate would misread "60% of the profit percent".
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