Question
If Profit = Total Income – total expenditure, then
in 2015 profit earned is what percent of the income in that year? Read the following graph carefully and answer the following questions.Solution
Profit in the year2015 = total income – total expenditure Profit in the year 2015 = 8000 – 7500 = 500 Profit percentage of income = 500 × 100/8000 = 6.25%
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