Read the following information and answer the questions.
| Particulars | Year 2024 Amount (₹) |
Year 2023 Amount (₹) |
| Revenue from operations | 25,00,000 | 20,00,000 |
| Other income | 1,00,000 | 5,00,000 |
| Employee benefit expenses | 60% of total revenue | 50% of total revenue |
| Other expenses | 10% of employee benefit expenses | 20% of employee benefit expenses |
| Tax rate | 50% | 40% |
What is the percentage in change in total revenue?
Answer & explanation
Correct answer: option 3
The correct answer is option 3- 4%.
2023:
Revenue from operations in year = 20,00,000
Other income in year = 5,00,000
Total income = Revenue from operations + Other income
= 20,00,000 + 5,00,000
= 25,00,000
2024:
Revenue from operations in year = 25,00,000
Other income in year = 1,00,000
Total income = Revenue from operations + Other income
= 25,00,000 + 1,00,000
= 26,00,000
Change in total income = Total income in 2024 - Total income in 2023
= 26,00,000 - 25,00,000
= 1,00,000
Percentage change in total income = Change in total income/Total income in 2023 x 100
= 1,00,000/25,00,000 x 100
= 4%