Table shows the income and expenditure (in million rupees) of five companies A to E in 2021. Percentage profit/loss = (income − expenditure)/expenditure × 100.
| Company | Income | Expenditure |
|---|---|---|
| A | 35 | 45 |
| B | 50 | 40 |
| C | 40 | 45 |
| D | 40 | 30 |
| E | 50 | 45 |
Companies A and B together had a percentage profit or loss of
A12% loss
B10% profit
C10% loss
DThere was no loss or profit ✓ Correct
Correct answer: (D) There was no loss or profit
Explanation
There was no loss or profit, so that is the answer.
The combined income of A and B is 35 plus 50, which is 85.
The combined expenditure of A and B is 45 plus 40, which is also 85.
So the income and expenditure taken together are equal.
The profit or loss is income minus expenditure, which is 0.
So the two companies together broke even.
So there was no loss or profit.
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