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LIC AAO Model Paper 7

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Directions (58-60) :

Study the following graph to answer the given questions.

Per cent profit earned by two companies over the given years.

% Profit =

\frac{\text{Income} - \text{Expenditure}}{\text{Expenditure}}

× 100

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Question : 58 of 160

Marks: +1, -0

If the Expenditure of Company B in 2000 was Rs. 200 crores, what was its Income ?

Rs. 240 crores
Rs. 220 crores
Rs. 160 crores
Cannot be determined
None of these

Solution:

Let Income be Rs. x crores

∴ 20 =

\frac{x-200}{200}

× 100

⇒ 40 = x - 200

⇒ x = Rs. 240 crores

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