Multiple choice

Refer to the given table and answer the question that follows. Year Company's% profit 2017 30 2018 10 2019 20 2020 15 2021 25 What was the revenue of the company if its expenditure was Rs. 600 crore in the year when its percentage profit was the maximum?

  1. Rs. 800 crore

  2. Rs. 820 crore

  3. Rs. 780 crore

  4. Rs. 760 crore
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Maximum profit is 30% in 2017. Profit % = (Revenue - Expenditure) / Expenditure * 100. 30 = (R - 600) / 600 * 100. 0.3 = (R - 600) / 600. 180 = R - 600, so R = 780.

AI explanation

The maximum profit percentage is 30 percent in the year 2017. Using the profit percentage formula, Revenue = Expenditure multiplied by (100 + Profit Percentage) divided by 100, we get Revenue = 600 multiplied by 1.30. Therefore, the revenue of the company was Rs. 780 crore.

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