Discussion Forum

If the income of company Q in 2001 was 10% more than that in 2000 and the company had earned a profit of 20% in 2000, then its expenditure in 2000 (in crore ) was

Answer:

Explanation:

 Income of company Q in 2000 = $\frac{100}{110}\times140$ = $\frac{400}{11}$

If expenditure in 2000 be X crores

Profit % = $\frac{income - expenditure}{expenditure}\times100$

= $\frac{\frac{400}{11}-x}{x}$ = $\frac{400-11x}{11x}$

= 5×400-55x = 11x = x=$\frac{2000}{66}$ = 30.30 crores.