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InterviewSolution
| 1. |
For Company R, if the expenditure had increased by 20% in year 2001 from year 2000 and the company had earned profit of 10% in 2000, what was the Company's income in 2000 (in million US $)? |
| Answer» Let the expenditure of Company R in 2000 be x million US $. Then, expenditure of Company R in 2001 = 120 x x million US $. 100 120x = 45 x = 37.5. 100 i.e., expenditure of Company R in 2000 = 37.5 million US $. Let the income of Company R in 2000 be I million US $. Then, 10 = (I - 37.5) x 100 [ %Profit in 2000 = 10%] 37.5 I - 37.5 = 3.75 I = 41.25 i.e., Income of Company R in 2000 = 41.25 million US $. | |