Directions (1 - 8): Study the following graphs carefully and answer the questions that follow:
Percent Profit Earned By Companies A and B Producing Electronic Goods Over The Years.
Percent Profit = $$\left( {\frac{{{\text{Profit Earned}}}}{{{\text{Total Investment}}}} \times 100} \right)\,\% $$
Profit Earned = (Total income ) - ( Total Investment in the Year)
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Examveda
Examveda

If the amount invested by Company B in 2004 is Rs. 12 lakh and income of 2004 is equal to the investment in 2005, what is the amount of profit earned in 2005 by Company B?

A. Rs. 6.6 lakh

B. Rs. 18.6 lakh

C. Rs. 10.23 lakh

D. Rs. 9.6 lakh

E. None of these

Answer: Option C

Solution(By Examveda Team)

$$\eqalign{ & \text{Investment of B in 2004 = 12 lakh} \cr & \text{Income of B in 2004} \cr & =\text{Rs.}\left(\frac{155}{100}\times12\text{ lakh}\right) \cr & = \text{Rs. 18.6 lakh} \cr & \text{Profit earned in 2005} \cr & =\text{Rs.}\left(\frac{55}{100}\times18.6\text{ lakh}\right) \cr & =\text{Rs.}\left(\frac{11}{10}\times9.3 \text{ lakh}\right) \cr & =\text{Rs. 10.23 lakh} \cr} $$

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