The following table shows the Income (in ₹ lakh) and percentage (%) profit of a company over the six…
With a profit of 25 per cent on expenditure and income of 190 lakh, \[\text{Expenditure}=\frac{190}{1.25}=152\] So the expenditure would have been 152 lakh rupees.
Choose your answer
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: If the percentage profit in 2021 was 25% instead of 20%, then what would have been the expenditure in that year?
Answer and explanation
Correct answer D
With a profit of 25 per cent on expenditure and income of 190 lakh, So the expenditure would have been 152 lakh rupees.
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