Subject
Data Interpretation
Topic
Line Graph
If the investments of Company A in 2007 and 2008 were equal, what is the difference between the profits earned in the two years if the income in 2008 was Rs.24 lakhs?
If the investments of Company A in 2007 and 2008 were equal, what is the difference between the profits earned in the two years if the income in 2008 was Rs.24 lakhs?
ক)
Rs. 2.25 lakhsখ)
Rs. 3.6 lakhsগ)
Rs. 1.8 lakhsঘ)
Rs. 2.6 lakhsঙ)
None of theseExplanation
Total income = Profit earned + Total investment in the year. Profit earned = (Investment × Profit percentage) ÷ 100 Profit percentage of A in 2007 = 45% Profit percentage of A in 2008 = 60% Say I is the investment of A in 2007 and 2008. ⇒ Profit earned in 2007 = (I × 45)/100 = 0.45 × I ⇒ Profit earned in 2008 = (I × 60)/100 = 0.60 × I Given Income in 2008 = 24 lakhs ⇒ I + 0.60 × I = 24 lakhs ⇒ 1.60 × I = 24 lakhs ⇒ I = 15 lakhs. ∴ Profit earned in 2007 = 0.45 × 15 = 6.75 lakhs and profit earned in 2008 = 0.60 × 15 = 9 lakhs. ∴ Difference between profits earned = 9 – 6.75 = 2.25 lakhsRelated questions
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