Question
The line chart given below shows the revenue of two
companies L and M for the given years Profit = Revenue – Expenditure If in the year 1993 company L had a profit of 20 percent, then what was its expenditure in the year 1993?Solution
Expenditure of company L in 1993: => 20/100 = (60 – E)/E => E = 300 – 5E => 6E = 300 => E = 50
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