Question

Account of income and expenditure (in crores) of seven companies in the year 2000

Percentage profit/loss $=\frac{Income-Expenditure}{Expenditure}\times 100$

Approximate what is the percentage of profit/loss the companies C and D had together?

• A. $10\%$ profit
• B. $12\%$ profit
• C. $10\%$ loss
• D. $12\%$ loss
• E. There was no loss or profit

Answer 1

The correct option is E There was no loss or profit

Total expenditure of companies C and D = (45 + 40) crores
= Rs. 85 crores

Total income of companies C and D = (35 + 50) crores
= Rs. 85 crores

Clearly there is no profit or loss.