The table gives the percentage profit earned by two companies A and B during 2013 to 2018. Profit percentage is measured on expenditure, so income = expenditure plus profit.
| Year | A profit | B profit |
|---|---|---|
| 2013 | 20% | 35% |
| 2014 | 32% | 30% |
| 2015 | 40% | 50% |
| 2016 | 25% | 40% |
| 2017 | 30% | 30% |
| 2018 | 15% | 40% |
If the expenditure of company B in the year 2013 was Rs 17 lakh, then what was its income in that year?
ARs 22.95 lakh ✓ Correct
BRs 23.15 lakh
CRs 24.50 lakh
DRs 25.65 lakh
Correct answer: (A) Rs 22.95 lakh
Explanation
B's 2013 profit is 35%, so income is expenditure times 1.35 = 17 times 1.35 = 22.95 lakh. Hence option A.
Want more like this? Create a free account to practise a full test, track your progress, and get spaced-repetition review.
Practise on Mcqkart →🎓 Book an expert →