Question

The revenue generated by an auto parts manufacturing company for a financial year is 30 lacs and the total
expenses for the company was t 20 lacs. Find the profit percentage of the company for the financial year mentioned​

Answer 1

Answer:

50%for above question

Answer 2

Answer: - The profit percentage of the company for the financial year mentioned​ is = 50%.

Detailed solution: -

Given: -

The revenue generated by an auto parts manufacturing company for a financial year is = Rs. 30 Lakh OR Rs. 3000000

The total expenses for the company for the mentioned financial year were = Rs. 20 Lakh OR Rs. 2000000

We need to find the profit percentage of the company for the financial year which is mentioned.

To find the profit percentage, first we need to find the profit of the company by subtracting the expenses from the revenue.

After that we need to find the profit percentage, for that we will use the percentage formula,

Profit percentage = Profit / expenditure * 100

Therefore,

Profit = revenue - expenses

$= Rs. 3000000 - Rs. 2000000\\=Rs.1000000$

Therefore,

The profit for the given financial year = Rs. 1000000 OR 1 Lakh

Now,

Profit percentage = Profit / expenditure * 100

$=1000000/2000000*100\\=50percent$

Therefore,

The profit percentage of the company for the financial year mentioned​ is = 50%.

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