The table gives the profits (in rupees lakh) earned by five retail stores A to E during the years 2018 to 2023. Note that Profit equals Income minus Investment, and profit percent means profit as a percentage of investment. The specific profit figures needed are stated within each question below. Based on the data, answer the questions that follow.
Store D earned a profit of 18 lakh in 2020. What should be the income of store D in 2020 so that its profit percent (profit as a percentage of investment) is 30%?
The income of store D should be 78 lakh, so that is the answer.
The profit of store D in 2020 is 18 lakh.
Profit percent is profit as a percentage of investment, and it must be 30 percent.
So the investment is 18 divided by 0.30, which is 60 lakh.
Income equals profit plus investment, that is 18 plus 60.
That gives 78 lakh.
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