Question

If the profit earned by company A in the year 2007 was Rs 1.5 lakhs, what was its expenditure in that year?

• A. Rs 1.96 lakhs
• B. Rs 2.64 lakhs
• C. Rs 1.27 lakhs
• D. Rs 3.75 lakhs
• E. None of these

Answer 1

The correct option is D Rs 3.75 lakhs

Let the expenditure of company A in 2007 be Rs x lakh.
$\therefore 40=\frac{1.5}{x}\times 100\Rightarrow 40x=150$
$\Rightarrow x=\frac{150}{40}$ = Rs 3.75 lakhs