The annual profit percentage earned by a telephone company during the period 2015-2020 is given in the following table. The profit percentage is calculated by the difference between income and expenditure over expenditure. Study the table and answer the question that follows.
- ARs. 160 crores
- BRs.200 crores
- CRs.145 crores
- DRs.104 crores
Solution & Step-by-step Explanation
From the table, the profit percentage in 2018 is 65%.
The formula given is:
Profit %=
Expenditure
Income−Expenditure
×100
This can be rewritten as:
Income=Expenditure×(1+
100
Profit %
)
Given Income = ₹330 crores:
330=Expenditure×(1+
100
65
)
330=Expenditure×1.65
Expenditure=
1.65
330
=
165
33000
=200crores
The formula given is:
Profit %=
Expenditure
Income−Expenditure
×100
This can be rewritten as:
Income=Expenditure×(1+
100
Profit %
)
Given Income = ₹330 crores:
330=Expenditure×(1+
100
65
)
330=Expenditure×1.65
Expenditure=
1.65
330
=
165
33000
=200crores