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 the % of change in expenses?
Answer & explanation
Correct answer: option 3
The correct answer is option 3- 19.54%.
Change in expenses = 10,40,000-8,70,000
= ₹1,70,000
% Of change = 1,70,000/8,70,000 x 100
= 19.54%