Study the following data and answer the question below.
| Year | 2016 | 2017 | 2018 | 2019 | 2020 |
| Company's % profit | 30 | 20 | 25 | 15 | 10 |
What was the revenue of the company if its expenditure was t50 lakhs in the year when its profit percentage was the highest?
Answer & explanation
Correct answer: option 3
Given :- Expenditure = 50 lakh
Profit = 30% of 50 lakh
= 15 lakh
We know,
Revenue = Expenditure + Profit
= 50 + 15
= 65 lakh