The following table shows the income and expenditure (in ₹ millions) of a…
2023
The following table shows the income and expenditure (in ₹ millions) of a certain Company during the five years from 2018 - 2022, along with profit % and loss % incurred in all these years. Some values are missing in the table (indicated by '-') that you are expected to calculate if required. Based on the data in the table, answer the questions that follow.
Year-wise Income, Expenditure and Profit/Loss of a Company
Year | Expenditure (in ₹ millions) | Income (in ₹ millions) | Profit %(+) / Loss %(-) |
2018 | 192 | - | +15% |
2019 | 248 | - | - |
2020 | 210 | - | +20% |
2021 | - | 359.6 | - |
2022 | - | - | -12% |
What is the average of the income of the Company in 2018 and 2020 (in ₹ million)?
- A.
220.8
- B.
236.4
- C.
252.2
- D.
246.6
Attempted by 5 students.
Show answer & explanation
Correct answer: B
Step 1: Calculate Income for 2018.
Income = Expenditure × (1 + Profit%)
Income (2018) = 192 × 1.15 = ₹220.8 million
Step 2: Calculate Income for 2020.
Income (2020) = 210 × 1.20 = ₹252 million
Step 3: Calculate Average Income.
Average = (220.8 + 252) / 2 = ₹236.4 million