Given bar graph shows, total expenditure and the gross receipts of a company (in ₹ crores). Study the graph and answer the question that follows.
If profit = gross receipts — total expenditure, then in 1997-98, what percentage of gross receipts is the profit made? (Correct to one decimal place)
Answer & explanation
Correct answer: option 3
In 1997 - 98 ,
Gross Receipts = 8200
Expenditure = 7700
Profit = gross receipts — total expenditure
= 8200 - 7700
= 500
Percentage of profit to Gross Receipts = \(\frac{500 }{8200 }\) × 100
= 6.09%
= 6.1% ( Correct to one decimal place)