Question

If the income of company D in the year 2000 was Rs 31 lakhs, what was the earned profit?

• A. Rs 11 lakhs
• B. Rs 20 lakhs
• C. Rs 17 lakhs
• D. Rs 12 lakhs
• E. None of the above

Answer 1

The correct option is A Rs 11 lakhs

Income of company D in the year 2000,
=31 lakhs
$\Rightarrow 55=\frac{31lakhs-E}{E}\times 100$
55E+100E=31 lakh $\times$ 100
155E=31 lakh $\times$ 100
$E=\frac{3100}{155}lakh$
=20 lakh
Profit = I-E
=31-20 = 11 lakh