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% |
In 2022, if the expenditure of company was 15% more as compared to 2019, then the income of the company in 2022 was (in ₹ million) :
- A.
250.976
- B.
248.976
- C.
250.936
- D.
230.936
Attempted by 4 students.
Show answer & explanation
Correct answer: A
First, calculate the expenditure for 2022 based on the 2019 value. Expenditure in 2019 is ₹248 million.
For 2022, expenditure increases by 15%, so Expenditure = 248 * 1.15 = ₹285.2 million.
Next, apply the loss percentage for 2022 (-12%).
Income = Expenditure * (1 - Loss%) = 285.2 * (1 - 0.12) = 285.2 * 0.88 = ₹250.976 million.