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    The following table shows the Income (in Rs. lakh) and percentage (%) profit of a company over the six years from 2017 to 2022. Based on the data in t
    Question

    The following table shows the Income (in Rs. lakh) and percentage (%) profit of a company over the six years from 2017 to 2022. Based on the data in the table, answer the questions that follow.
    Year-wise Income and Profit of Company


    If the percentage profit in 2021 was 25% instead of 20% that what would have been the expenditure in that year?

    A.

    Rs.130 lakh

    B.

    Rs.148 lakh

    C.

    Rs.120 lakh

    D.

    Rs.142 lakh

    Correct option is D

    Given:

    Income for 2021 = 190 lakh

    New profit percentage = 25%

    Calculate the profit:

    Profit = (25/100) × 190

    Profit = 47.5 lakh

    Calculate the expenditure:

    Expenditure = Income - Profit

    Expenditure = 190 - 47.5

    Expenditure = 142.5 lakh

    So, if the profit percentage in 2021 was 25%, the expenditure would be 142.5 lakh.

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