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
What should be the income of store D in 2020, so that its profit percent is 30%
- A.
₹ 33 lakh
- B.
₹ 42 lakh
- C.
₹ 60 lakh
- D.
₹ 78 lakh
Attempted by 1 students.
Show answer & explanation
Correct answer: D
From the table, Store D's profit in 2020 is ₹ 18 lakh.
Given Profit % = 30%. Using the formula: Profit % = (Profit / Investment) × 100.
Substitute values: 30 = (18 / Investment) × 100.
Solving for Investment: Investment = (18 × 100) / 30 = ₹ 60 lakh.
Income is the sum of Profit and Investment: Income = 18 + 60 = ₹ 78 lakh.