The ratio of the marketing expenses of a product to the manufacturing expenses is 1:2. The marketing expenses are
1 lac and the total revenue of the company is 34 lacs. Find the profit percentage, if these two are the only types of
expenses
Answers
Answer:
33.33%
Step-by-step explanation:
the the ratio of the marketing expenses of the product is the manufacturing expenses
Given : The ratio of the marketing expenses of a product to the manufacturing expenses is 1:2.
The marketing expenses are 1 lac
the total revenue of the company is 34 lacs.
To Find : the profit percentage
Solution:
The ratio of the marketing expenses of a product to the manufacturing expenses is 1:2.
The marketing expenses are 1 lac
=> manufacturing expenses are 2 lac
Total Expenses = 1 + 2 = 3 lac
Revenue = 34 lacs
Profit = 34 - 3 = 31 lacs
Profit % = (31/3) * 100
= 1,033.33 %
the profit percentage is 1,033.33 %
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