Question

If the total expenditure of the two companies was rs.9 lakh in the year 2012 and the expenditure of a and b were in the ratio2:1, then what was the income of the company a in that year? (a) rs.9.2 lakh (b) rs.8.1 lakh (c) rs.7.2 lakh (d) rs.6.0 lakh

Answer 1

The answer has to be option b, rs. 8.1 lakh.

This is explained using this formula:

percent (%) Profit = Income – Expenditure/Expenditure * 100

Use the clues given in the question and also make use of the ratio given to compare and find out the income of the company a.