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% |
Profit in 2020 is ___________ % more than in 2018 :
- A.
56.76
- B.
44.98
- C.
45.83
- D.
59.82
Attempted by 6 students.
Show answer & explanation
Correct answer: C
Step 1: Calculate Profit for 2018. Expenditure = ₹192 million, Profit % = 15%. Profit = 192 * 0.15 = ₹28.8 million.
Step 2: Calculate Profit for 2020. Expenditure = ₹210 million, Profit % = 20%. Profit = 210 * 0.20 = ₹42 million.
Step 3: Calculate Percentage Increase. Difference = 42 - 28.8 = ₹13.2 million. % Increase = (13.2 / 28.8) * 100 ≈ 45.83%.