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Study the following table and answer the questions that follow. “Graph”If the expenditures of companies X and Y in 2006 were equal and the total income of two companies in 2006 was Rs. 342 crores, what was the total profit of two companies together in 2006 ? (Profit = Income Expenditure)
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By: anil on 05 May 2019 01.35 am
In 2006, expenditure of both X & Y are equal Let expenditure of X & Y = 100x Profit % of company X = 40% => Profit of company X = $$frac{40}{100}$$*100x = 40x => Income of company X = 100x + 40x = 140x [Since, inc = exp+profit] Profit % of company Y = 45% => Profit of company Y = $$frac{45}{100}$$*100x = 45x => Income of company Y = 100x + 45x = 145x [Since, inc = exp+profit] According to ques, Total income = 140x + 145x = 285x = 342 crore => x = 1.2 Total profit for both companies = 40x + 45x = 85*1.2 = 102 crore
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