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    Question

    If the profit earned by Company Z in financial year 2012

    was Rs.666 lakh, what was the ratio of total income to total expenditure of the company that year ? Study the graph carefully to answer the questions that follow: Percent profit earned by three companies over the given years
    A 29 : 30 Correct Answer Incorrect Answer
    B 29 : 20 Correct Answer Incorrect Answer
    C 29 : 25 Correct Answer Incorrect Answer
    D Can’t be determined Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Percent profit earned by Company Z in 2012= 45% ∴ 45% of Expenditure = 666 ⇒ Expenditure = (666 × 100)/45 = 1,480 ∴ Total income = 1,480 + 666 = 2,146 ∴ Reqd. Ratio = 2146: 1480 = 29: 20

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