Refer to the below data table and answer the following question.
- A270
- B247.5
- C292.5
- D225
Solution & Step-by-step Explanation
1. Identify the year with the least percentage profit:
Looking at the table, the minimum profit percentage is 10%, which occurred in the year 2011.
Calculate Revenue:
The formula relating profit percentage, revenue, and expenditure is:
%Profit=
Expenditure
Revenue−Expenditure
×100
Alternatively:
Revenue=Expenditure×(1+
100
%Profit
)
Given that Expenditure = Rs 225 crore and % Profit=10%:
Revenue=225×(1+
100
10
)
Revenue=225×1.1=247.5 crore
Looking at the table, the minimum profit percentage is 10%, which occurred in the year 2011.
Calculate Revenue:
The formula relating profit percentage, revenue, and expenditure is:
%Profit=
Expenditure
Revenue−Expenditure
×100
Alternatively:
Revenue=Expenditure×(1+
100
%Profit
)
Given that Expenditure = Rs 225 crore and % Profit=10%:
Revenue=225×(1+
100
10
)
Revenue=225×1.1=247.5 crore