Question
How much profit did the company earn in the year
2016? I) The company earned 45% more profit in the year 2017 than that in the year 2015. II) The company earned a total profit of Rs. 25 crores in the year 2015 and 2016 taken together. III) In the year 2017, the company earned 75 percent profit of that in 2016. In each of the following questions, a question and three statements I, II and III are given. You have to decide whether the date given in the statements are sufficient to answer the question or not.Solution
Taking all statements together, Let the profit earned by company in 2015 = Rs.x and in 2016 = Rs.y Profit earned in 2017 = 1.45x ,x+y = Rs. 25 crore ...... (i) From statement III, 1.45x = y x 75/100 y = 3/4 x 1/1.45y = 30/58y ......(ii) From equations (i) and (ii), we can get the required profit.
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