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?

25% 24.41% 27.27% 23.88%

27.27%

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%