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 =

{\Income - \Expenditure}/{\Expenditure}

× 100

Question : 59 of 160

Marks: +1, -0

If the Income of Company A in 2002 was Rs. 600 crores, what was its Expenditure ?

Rs. 360 crores
Rs. 480 crores
Rs. 375 crores
Cannot be determined
None of these

Validate

Solution:

The Income of Company A in 2002 = Rs. 600 crores % profit = 60
Let the expenditure be Rs. x crores
∴ 90 =

(600-x)/x

× 100
⇒ x =

(600-x)/{60}

× 100
⇒ 3x = 3000 - 5x
⇒ 8x = 3000
⇒ x =

{3000}/8

= Rs. 375 crores

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