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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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