1) If the expenditure of Company Y in 1997 was Rs. 220 crores, what was its income in 1997 ? A) Rs. 312 crores B) Rs. 297 crores C) Rs. 283 crrtres D) Rs. 275 crores E) Rs. 261 crores Answer: Option BExplanation:Profit percent of Company Y in 1997 = 35. Let the income of Company Y in 1997 be Rs. x crores. Then, 35 = ( ( x - 220 ) / 220 ) 100 => x = 297 Income of Company Y in 1997 = Rs. 297 crores.