The following graph given the annual percent profit earned by a company during the period 1996-2001.
Study the graph carefully and answer the question that follow.
%$Profit=\frac{Income \, - \, Expenditure}{Expenditure}×100$
The expenditure of the company during the year 1996 was ₹30 crores. The income of the company in that year was (in crores ₹) :
Answer & explanation
Correct answer: option 2
In year 1996 ,
Expenditure of company = Rs.30 crores
Profit % = 45%
We know ,
$Profit % =\frac{Income \, - \, Expenditure}{Expenditure}×100$
45 = \(\frac{Income\; - \; 30 }{30 }\) × 100
1350 = (Income - 30)× 100
Income = 30 + 13.50 = 43.5