Question

If the profit earned by Company X in the year 2008 and 2010 was Rs.312 lakh and Rs. 225 lakh respectively, what was the total expenditure of the company in both the years?

Q: Answer-If the profit earned by Company X in the year 2008 and 2010 was Rs.312 lakh and Rs. 225 lakh respect...

Percent profit earned by Company X in 2008 20 20 of Expenditure 312 Expenditure 31210020 1,560 Percent profit earned by Company X in 2010 15 15 of Expenditure 225 Expenditure 22510015 1,500 Total Expenditure 1,560 1,500 Rs. 3,060 Lakh

strong >Study the graph carefully to answer the questions that follow: Percent profit earned by three companies over the given years

A Rs, 3,060 lakh Correct Incorrect

B Rs, 1,560 lakh Correct Incorrect

C Rs, 1,500 lakh Correct Incorrect

D Can’t be determined Correct Incorrect

E None of these Correct Incorrect

Detailed Solution

Percent profit earned by Company X in 2008 = 20% ∴ 20% of Expenditure = 312 ⇒ Expenditure = (312×100)/20= 1,560 Percent profit earned by Company X in 2010 = 15% ∴ 15% of Expenditure = 225 ⇒ Expenditure = (225×100)/15= 1,500 ∴ Total Expenditure = 1,560 + 1,500 = Rs. 3,060 Lakh

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