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 profit earned by company ABC in the year 2015 was Rs 6,60,000, what was the total income of the company in that year?
ARs 11,00,000
BRs 14,30,000
CRs 17,60,000 ✓ Correct
DRs 20,90,000
Correct answer: (C) Rs 17,60,000
Explanation
ABC's 2015 profit is 60%, so 60% of the investment is 6,60,000, giving investment 11,00,000 and income 17,60,000. Hence option C.
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