Read the following data given in the books of ABC Ltd and answer the question given below.
| Particulars | 2022 | 2021 |
| Revenue from operations | ₹15,00,000 | ₹12,00,000 |
| Other Income | ₹30,000 | ₹20,000 |
| Cost of Materials Consumed | ₹7,00,000 | ₹5,50,000 |
What is the % change in total expenses?
Answer & explanation
Correct answer: option 3
The correct answer is option 3- 27.27%
Increase = Expenses in 2022 - Expenses in 2021
Increase = 7,00,000-5,50,000
= ₹1,50,000
% change = (Change/ Expenses in 2021) X 100
= 1,50,000/5,50,000 x 100
= 27.27%