The companies M and N together had a percentage of profit...
The following bar graph shows the Income and Expenditures (in million US $) of five companies in the year 2001. The percent profit or loss of a company is given by
% Profit/Loss = (Income - Expenditure)/Expenditure x 100
Income and Expenditure (in million US $) of five companies in the year 2001.
The companies M and N together had a percentage of profit/loss of?
12% loss
10% loss
10% profit
There was no loss or profit
Correct answer is D
Total income of Companies M and N together
= (35 + 50) million US $
= 85 million US $
Total expenditure of Companies M and N together
= (45 + 40) million US $
= 85 million US $.
Therefore Percent Profit/Loss of companies M and N together
% Profit/Loss = ( (85 - 85)/85 x 100 ) = 0%.
Thus, there was neither loss nor profit for companies M and N together.