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% |
If the loss incurred by the Company in 2019 was ₹ 33.2 million more than the profit of the Company in 2018, then the loss percent incurred by the Company in 2019 was :
- A.
17%
- B.
22%
- C.
25%
- D.
23%
Attempted by 7 students.
Show answer & explanation
Correct answer: C
First, calculate the profit earned in 2018 using the expenditure and profit percentage. Profit = (15/100) × 192 = ₹28.8 million.
Next, determine the loss incurred in 2019 by adding ₹33.2 million to the 2018 profit, which equals ₹62 million.
Finally, compute the loss percentage for 2019 by dividing this loss amount by the expenditure of ₹248 million and multiplying by 100, resulting in exactly 25%.