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Question

If the income of company A in 2014 was Rs 600 crore, what was its expenditure?

A
Rs 360 crores
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B
Rs 480 crores
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C
Rs 375 crores
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D
Cannot be determined
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E
None of these
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Solution

The correct option is C Rs 375 crores
The income of company A in 2014,
=Rs 600 crores
Profit percentage=60
Let the expenditure be Rs x crores
60=(600x)x×100
x=600x60×100
3x=30005x
8x=3000
x=30008=Rs 375 crores

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