Question

This year the profits of a company were 25% higher than last year. This year they were

Rs. 75,000. What were the profits last year?​

Answer 1

Answer:

60,000

Step-by-step explanation:

In the question it is given that the profit of this year is higher by 25% than last year

So,if last years  percent be x

So, this years profit is x (100+25)/100 ---1

It is aldready given that profit is 75000----2

equate 1 and 2

we get 60,000