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For company R, if the expenditure had increased by 20% in the year 2001 from the year 2000 and company had earned profit of 10% in 2000, the company’s income in year 2000 (in crore).
Answer & Solution
Correct Answer:
Option
C
Expenditure in 2001 of R = 45
Expenditure in 2000 of R
$$\eqalign{ & = 45 \times \frac{100}{120} \cr & = 37.5 \cr} $$
The income of company in 2000
$$\eqalign{ & = 37.5 \times \frac{100}{90} \cr & = 41.67 \cr} $$
Expenditure in 2000 of R
$$\eqalign{ & = 45 \times \frac{100}{120} \cr & = 37.5 \cr} $$
The income of company in 2000
$$\eqalign{ & = 37.5 \times \frac{100}{90} \cr & = 41.67 \cr} $$
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