The table shows income, expenditure (rupees million) and profit percentage of a company, 2017 to 2022. The profit percent in 2022 rose by 33 and one-third percent over the previous year. Dashes are missing values to be calculated if required.
| Year | Income | Expenditure | Profit (%) |
|---|---|---|---|
| 2017 | 103.824 | — | 12 |
| 2018 | — | 83.8 | 25 |
| 2019 | 95.76 | 84 | — |
| 2020 | 113.28 | — | 20 |
| 2021 | 133.1 | 110 | — |
| 2022 | 121.6 | — | — |
The expenditure of the company in 2022 is (in rupees million)
A94
B95 ✓ Correct
C99
D81
Correct answer: (B) 95
Explanation
The 2022 expenditure is 95, so the answer is 95.
The 2021 profit percent is 133.1 minus 110 over 110 times 100, which is 21%.
The 2022 profit percent is 21% increased by one-third, which is 28%.
Income equals expenditure times one plus the profit rate.
So 121.6 equals expenditure times 1.28.
Expenditure is therefore 121.6 divided by 1.28.
This works out to 95.
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