The following table shows the Income (in ₹ lakh) and percentage (%) profit of a company over the six…
Expenditure equals income divided by one plus the profit rate. The six values are 111.6, 139.1, 106.1, 144.7, 158.3 and 117.6 lakh rupees, summing to about 777.5 lakh.…
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The following table shows the Income (in ₹ lakh) and percentage (%) profit of a company over the six years from 2017 to 2022. Based on the data in the table, answer the question.
| Year | Income (in ₹ lakh) | Profit (%) |
|---|---|---|
| 2017 | 120 | 7.5 |
| 2018 | 160 | 15 |
| 2019 | 130 | 22.5 |
| 2020 | 170 | 17.5 |
| 2021 | 190 | 20 |
| 2022 | 150 | 27.5 |
Question: Approximately what was the average expenditure during the year from 2017 to 2022?
Answer and explanation
Correct answer B
Expenditure equals income divided by one plus the profit rate. The six values are 111.6, 139.1, 106.1, 144.7, 158.3 and 117.6 lakh rupees, summing to about 777.5 lakh. So the average expenditure is about 130 lakh rupees.
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