The table gives the percent profit earned by company ABC and company XYZ during 2011 to 2016. Profit percentage is measured on the amount invested, so income = investment plus profit.
| Year | ABC profit | XYZ profit |
|---|---|---|
| 2011 | 50 | 55 |
| 2012 | 70 | 60 |
| 2013 | 50 | 45 |
| 2014 | 40 | 50 |
| 2015 | 60 | 50 |
| 2016 | 80 | 75 |
If each of the companies ABC and XYZ invested Rs 20 lakh in 2014, what was the average profit earned by the two companies?
ARs 8 lakh
BRs 10 lakh
CRs 9 lakh ✓ Correct
DRs 12 lakh
Correct answer: (C) Rs 9 lakh
Explanation
ABC's profit is 40% of 20 = 8 lakh and XYZ's is 50% of 20 = 10 lakh; the average is 9 lakh. Hence option C.
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