READ THE FOLLOWING INFORMATION AND ANSWER THE GIVEN QUESTION.
ABC Ltd is running an advertising business. Encouraged by substantial profits, company decided to donate ₹1,00,000 to an old age home in the locality where the company had its head office. Following particulars are obtained from the company's books:
| PARTICULARS | YEAR 2021 Amount (₹) |
YEAR 2020 Amount (₹) |
| Revenue from operations | 18,00,000 | 15,00,000 |
| Other income | 60,000 | 30,000 |
| Expenses | 10,40,000 | 8,70,000 |
| Income Tax | 3,00,000 | 2,50,000 |
What is % of the change in total revenue?
Answer & explanation
Correct answer: option 4
The correct answer is option 4- 21.57%.
Total revenue 2021 = 18,00,000 + 60,000
= ₹18,60,000
Total revenue 2020 = 15,00,000 + 30,000
= ₹15,30,000
Change = 18,60,000-15,30,000
= ₹3,30,000 increase.
% Of change = Change in revenue /Revenue of previous year x 100
% Of change = 3,30,000/15,30,000 x 100
= 21.57%