The following line graph gives the annual percent profit earned by a Company during the period 1995 - 2000.
Percent Profit Earned by a Company Over the Years.
%Profit = (Income - Expenditure)/Expenditure x 100
If the income in 1998 was Rs. 264 crores, what was the expenditure in 1998?
A.
Rs. 104 crores
B.
Rs. 145 crores
C.
Rs. 160 crores
D.
Rs. 185 crores
Correct answer is C
Let the expenditure is 1998 be Rs. x crores.
Then, 65 = ((264 - x)/x) x 100
=> 65/100 = (264/x) - 1
=> x = (264 x100)/165 = 160.
Therefore Expenditure in 1998 = Rs. 160 crores.