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.