Question

income of Company 2 has increased 10% from the previous year to 24 Crores and if the profit earned is 15% in the previous year what was its expenditure then?​

Answer 1

Step-by-step explanation:

Explanation:

Let the incomes in 2000 of Companies X and Y be 3x and 4x respectively.

And let the expenditures in 2000 of Companies X and Y be E1 and E2 respectively.

Then, for Company X we have:

65 = 3x - E1 x 100 => 65 = 3x - 1 => E1 = 3x x ( 100 ) .... (i)

E1 100 E1 165

For Company Y we have:

50 = 4x - E2 x 100 => 50 = 4x - 1 => E2 = 4x x ( 100 ) .... (ii)

E2 100 E2 150

From (i) and (ii), we get:

E1 =

3x x ( 100 )

165

= 3 x 150 = 15 (Required ratio).

E2

4x x ( 100 )

150

4