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 the amount of profit earned by company XYZ in 2012 was Rs 9 lakh, what was the total investment?
ARs 12,00,000
BRs 15,00,000 ✓ Correct
CRs 16,00,000
DRs 18,00,000
Correct answer: (B) Rs 15,00,000
Explanation
XYZ's 2012 profit is 60%, so the investment is 9,00,000 divided by 60 times 100 = 15,00,000. Hence option B.
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