Multiple choice

Passage

Directions for questions 64 to 67: Study the information provided and answer the questions that follow. The Table provided below shows the values for any two of Expenditure, Revenue and Profit / Loss percentage of a company ABS over the years 2015 to 2020. Years Expenditure Revenue Profit/Loss Percentage 2015 250000 125000 --- 2016 325000 --- Profit 20% 2017 --- 250000 Loss 25% 2018 300000 --- Loss 10% 2019 --- 200000 Profit 20% 2020 225000 300000 ---

  1. Find the Profit / Loss Percentage in 2015 of the company ABS?

  1. a) Profit 50%

  2. b) Profit 25%

  3. c) Loss 50%

  4. d) Loss 25%
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C Correct answer
Explanation

In 2015, Expenditure = 250,000 and Revenue = 125,000. Loss = 250,000 - 125,000 = 125,000. Loss percentage = (125,000 / 250,000) * 100 = 50%.

AI explanation

Using the profit or loss percentage formula, the percentage equals (revenue minus expenditure) divided by expenditure, multiplied by 100. For the year 2015, the revenue is 125000 and the expenditure is 250000. Substituting these values gives (125000 minus 250000) divided by 250000 times 100, which equals negative 50 percent. This represents a 50 percent loss.

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