The expenditure of Company X in the year 1998 was Rs. 200...
The following line graph gives the percent profit earned by two Companies X and Y during the period 1996 - 2001.
Percentage profit earned by Two Companies X and Y over the Given Years
%Profit = ((Income - Expenditure) / Expenditure) x 100
The expenditure of Company X in the year 1998 was Rs. 200 crores and the income of company X in 1998 was the same as its expenditure in 2001. The income of Company X in 2001 was ?
Rs. 465 crores
Rs. 385 crores
Rs. 335 crores
Rs. 295 crores
Correct answer is A
Let the income of Company X in 1998 be Rs. x crores.
Then, 55 = (x - 200)/200 x 100 => x = 310
Therefore Expenditure of Company X in 2001 = Income of Company X in 1998
= Rs. 310 crores.
Let the income of Company X in 2001 be Rs. z crores.
Then, 50 = (z - 310)/310 x 100 => z = 465
Therefore Income of Company X in 2001 = Rs. 465 crores.
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