Test Index

LIC AAO Model Paper 7

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

Question : 59 of 160

Marks: +1, -0

Solution:

The Income of Company A in 2002 = Rs. 600 crores % profit = 60

Let the expenditure be Rs. x crores

∴ 90 =

\frac{600-x}{x}

× 100

⇒ x =

\frac{600-x}{60}

× 100

⇒ 3x = 3000 - 5x

⇒ 8x = 3000

⇒ x =

\frac{3000}{8}

= Rs. 375 crores

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