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Question

Read the following graph carefully and answer the following questions.

If Profit = Total Income – total expenditure, then in 2015 profit earned is what percent of the income in that year?

A 5.05% Correct Answer Incorrect Answer
B 7.15% Correct Answer Incorrect Answer
C 6.25% Correct Answer Incorrect Answer
D 6% Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

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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