In 2001, what was the approximate percentage of profit/lo...
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.
In 2001, what was the approximate percentage of profit/loss of all the five Companies taken together?
5% profit
6.5% profit
4% loss
7% loss
Correct answer is A
Total income of all five companies
= (35 + 50 + 40 + 40 + 50) million US $
= 215 million US $.
Total expenditure of all five companies
= (45 + 40 + 45 + 30 + 45) million US $
= 205 million US $.
Therefore % Profit = [ (215 - 205)/205 x 100 ] % = 4.88% ≈ 5%
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