?
The retained profit in 1991-92, as compared to that in 1990-91 was:
Answer & Solution
Correct Answer:
Option
D
Retained profit in 1990-91
= 25% of 130
= Rs. 32.5 lakh
Retained profit in 1991-92
= 20% of 160
= Rs. 32 lakh
∴ Decrease
= $$\frac{32.5-32}{32.5}$$ × 100
= 1.53%
≈ 1.5%
= 25% of 130
= Rs. 32.5 lakh
Retained profit in 1991-92
= 20% of 160
= Rs. 32 lakh
∴ Decrease
= $$\frac{32.5-32}{32.5}$$ × 100
= 1.53%
≈ 1.5%
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