The following table embodies the details about the profits (in Rupees Lakhs)…
2024
The following table embodies the details about the profits (in Rupees Lakhs) earned by five Retail Stores A-E during the years 2018-2023. Based on the data in the table, answer the questions that follow.
Store-wise Details of Profit
Store | Profit (in ₹ Lakh) earned in the year 2018 | Profit (in ₹ Lakh) earned in the year 2019 | Profit (in ₹ Lakh) earned in the year 2020 | Profit (in ₹ Lakh) earned in the year 2021 | Profit (in ₹ Lakh) earned in the year 2022 | Profit (in ₹ Lakh) earned in the year 2023 |
A | 12 | 18 | 24 | 21 | 15 | 30 |
B | 9 | 15 | 18 | 12 | 21 | 24 |
C | 27 | 33 | 24 | 21 | 30 | 36 |
D | 15 | 12 | 18 | 9 | 21 | 9 |
E | 18 | 21 | 15 | 15 | 12 | 24 |
Note: Profit = Income – Investment
Owner of store C invests ₹ 9 lakh in 2021. What should be the investment of D in the same year to get an income which is double than that of store C?
- A.
₹ 51 lakh
- B.
₹ 6 lakh
- C.
₹ 50000
- D.
₹ 33 lakh
Attempted by 1 students.
Show answer & explanation
Correct answer: A
1. Find Store C's profit in 2021 from the table: ₹ 21 lakh.
2. Calculate Store C's income: Income = Profit + Investment = 21 + 9 = ₹ 30 lakh.
3. Determine the target income for Store D: Double of C's income = 2 × 30 = ₹ 60 lakh.
4. Find Store D's profit in 2021 from the table: ₹ 9 lakh.
5. Calculate required investment for Store D: Investment = Income - Profit = 60 - 9 = ₹ 51 lakh.