Question
The revenue and expenditure of four different companies P. Q, R and S in 2015 are shown in the figure. If the revenue of company Q in 2015 was 20% more than that in 2014 and company Q had earned a profit of 10% on expenditure in 2014, then its expenditure (in million rupees) in 2014 was ________.
Options :
34.1
35.1
33.7
32.7
Answer :
34.1
Solution :
From the figure, the revenue of company Q in 2015 = 45 million rupees
Given that the revenue of company Q in 2015 was 20% more than that in 2014
The revenue of company Q in 2015 = 1.2 times the revenue of company Q in 2014
⇒ The revenue of company Q in 2014 = 45/1.2 = 37.5 million rupees
Given that the company Q had earned a profit of 10% on expenditure in 2014 % of profit = ((revenue – expenditure)/expenditure) × 100
Let the expenditure in 2014 is ‘x’ million rupees
⇒ 1.1 x = 37.5
⇒ x = 34.09 ≈ 34.1 million rupees
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