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 income of company A in the year 2017 is Rs 26 lakh, then what is the expenditure of company A in that year?
ARs 33.8 lakh
BRs 22.5 lakh
CRs 21.6 lakh
DRs 20.0 lakh ✓ Correct
Correct answer: (D) Rs 20.0 lakh
Explanation
A's 2017 profit is 30%, so expenditure is income divided by 1.30 = 26 divided by 1.30 = 20 lakh. Hence option D.
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