Question
Download Solution PDFComprehension
Directions :
Study the following line graph carefully and answer the questions given below it.
The line graph compares the Income and Expenditure of a company for the given years.
Profit = Income - Expenditure % Profit = [Profit / Expenditure ] × 100
Find the profit percentage in the year 2015 - 2016.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Income in 2015-16 = 120 crore
Expenditure in 2015-16 = 70 crore
Formula used:
Profit = Income - Expenditure
Profit % = (Profit / Expenditure) × 100
Calculation:
Profit = 120 - 70
⇒ Profit = 50 crore
Profit % = (50 / 70) × 100
⇒ Profit % = 71.42
∴ The profit percentage in the year 2015-2016 is approximately 71.42%.
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