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In the income of company Q in 2001 was 10% more than 2000 and the company had earned a profit of 20% in 2000, then its expenditure in 2000 (in crores) was:
Answer & Solution
Correct Answer:
Option
D
Income of company Q in 2001 = 40
Income of company Q in 2000 = 40 × $$\frac{100}{110}$$ = 36.36
Profit in 2000 = 36.36 × $$\frac{20}{100}$$ = 7.27
∴ Expenditure in 2000
= 36.36 - 7.27
= 29.09
Income of company Q in 2000 = 40 × $$\frac{100}{110}$$ = 36.36
Profit in 2000 = 36.36 × $$\frac{20}{100}$$ = 7.27
∴ Expenditure in 2000
= 36.36 - 7.27
= 29.09
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