If the expenditure of Company Y in 1997 was Rs. 220 crore...
The following line graph gives the percent profit earned by two Companies X and Y during the period 1996 - 2001.
Percentage profit earned by Two Companies X and Y over the Given Years
%Profit = ((Income - Expenditure) / Expenditure) x 100
If the expenditure of Company Y in 1997 was Rs. 220 crores, what was its income in 1997 ?
Rs. 312 crores
Rs. 297 crores
Rs. 283 crores
Rs. 275 crores
Correct answer is B
Profit percent of Company Y in 1997 = 35.
Let the income of Company Y in 1997 be Rs. x crores.
Then, 35 = (x - 220)/220 x 100 => x = 297
Therefore Income of Company Y in 1997 = Rs. 297 crores.
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