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)
If the investment of company A in 2007 and 2008 were equal, what is the difference between the profit earned in the two years if the income in 2008 was Rs. 24 lakh?
A. Rs. 2.25 lakh
B. Rs. 3.6 lakh
C. Rs. 1.8 lakh
D. Rs. 2.6 lakh
E. Rs. None of these
Answer: Option A
Solution(By Examveda Team)
Let the investment of A in 2008 be Rs. $$x$$. Then,$$\eqalign{ & \left(\frac{160}{100}\times x\right) = 24\text{ lakh} \cr & \Rightarrow x = \left(24\times\frac{5}{8}\right) \text{lakh} \cr & \Rightarrow x = 15 \text{ lakh} \cr} $$
∴ Investment of A in 2008 = 15 lakh
Profit of A in 2008
= Rs. (24 - 15) lakh
= Rs. 9 lakh
Investment of A in 2007
= Investment of A in 2008
= Rs. 15 lakh
Profit of A in 2007
$$\eqalign{ & =\text{Rs.} \left(\frac{45}{100}\times15\text{ lakh}\right) \cr & =\text{Rs.} \frac{27}{4}\text{ lakh} \cr & =\text{Rs. 6.75 lakh} \cr} $$
Difference between the profits of A in 2007 and 2008
= Rs. (9 - 6.75) lakh
= Rs. 2.25 lakh
Related Questions on Line Chart
What was the overall average expenditure of Company C in all the years together?
A. Rs. 190 lakhs
B. Rs. 120 lakhs
C. Rs. 180 lakhs
D. Rs. 150 lakhs
A. Rs. 1000000
B. Rs. 100000
C. Rs. 10000000
D. Rs. 100000000
A. 5 : 3
B. 3 : 4
C. 3 : 5
D. 3 : 2
In which year was the total expenditure by all three Companies together second highest?
A. 2005
B. 2006
C. 2007
D. 2008
E. 2009
Join The Discussion