Table shows the income and expenditure (in million rupees) of five companies A to E in 2021. Percentage profit/loss = (income − expenditure)/expenditure × 100.
| Company | Income | Expenditure |
|---|---|---|
| A | 35 | 45 |
| B | 50 | 40 |
| C | 40 | 45 |
| D | 40 | 30 |
| E | 50 | 45 |
If the income of Company D in 2021 was 10 percent more than its income in 2020 and the company had earned a profit of 20 percent in 2020, then its expenditure in million rupees in 2020 was approximately
A28.28
B30.30 ✓ Correct
C32.32
D34.34
Correct answer: (B) 30.30
Explanation
The expenditure was about 30.30 million, so the answer is 30.30.
Company D had an income of 40 in 2021.
Since this was 10 percent more than its 2020 income, the 2020 income was about 36.
In 2020 the company earned a 20 percent profit, so income is 1.2 times expenditure.
So the expenditure is 36 divided by 1.2.
That is about 30.
So the 2020 expenditure was approximately 30.30 million.
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