Direction: Study the following graph carefully and answer the questions given below.
-
If the total income in 1992 for Company B was 140 crores, what was the total expenditure in that year?
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- 100 billion
- 110 billion
- 98 billion
- Data inadequate
- None of these
Correct Option: E
As per given question,
Total income of company B in year 1992 = 140 crore
Given in the graph that the % Profit of company B in year 1992 = 45 %
Let us assume that the total Expenditure of company B in year 1992 = E
Use the below formula to calculate
| % Profit = | x 100 | Expenditure |
| or, 45 = | x 100 | E |
⇒ 45E = 140 x 100 - 100E
⇒ 45E = 14000 - 100E
⇒ 45E + 100E = 14000
⇒ 145E = 14000
⇒ E = 14000/145 = 2800/29 = 96.6 million $
