The following table shows the Income (in ₹ lakh) and percentage (%) profit of a company over the six…
With profit equal to fifteen percent of expenditure, income is 1.15 times expenditure. Thus expense is 160/1.15 about 139.13 lakh, closest to 140 lakh.
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 questions that follow. Year-wise Income and Profit of a Company
| 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 |
Approximately what was the expenditure in 2018?
Answer and explanation
Correct answer C
With profit equal to fifteen percent of expenditure, income is 1.15 times expenditure. Thus expense is 160/1.15 about 139.13 lakh, closest to 140 lakh.
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