1) The companies M and N together had a percentage of profit/loss of A) No loss and no profit B) 12% Loss C) 10% Loss D) 10% Profit Answer: Option AExplanation:Total income of companies M and N = (35 + 50) crores = 85 crores Total expenditure = (45 + 40) crores = 85 crores Hence, the companies M and N had no loss and no profit