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 income of company ABC in 2013 and in 2015 were equal and the amount invested in 2013 was Rs 8,00,000, what was the amount invested in 2015?
ARs 7,50,000 ✓ Correct
BRs 9,00,000
CRs 10,50,000
DRs 12,00,000
Correct answer: (A) Rs 7,50,000
Explanation
The 2013 income is 8,00,000 times 1.5 = 12,00,000, and the 2015 income equals it; with 60% profit the 2015 investment is 12,00,000 divided by 1.6 = 7,50,000. Hence option A.
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