Question

If the profit earned by company L in the year 2005 was Rs 1.84 lakh, what was the profit earned by the company L in the year 2006?

• A. Rs 2.12 lakh
• B. Rs 2.324 lakh
• C. Rs 2.04 lakh
• D. Rs 2.116 lakh

Answer 1

The correct option is D Rs 2.116 lakh

$\because$ Profit earned by company L in the year 2005 = Rs 1.84 lakh
$\therefore$ Profit earned by company L in the year 2006 = 115% of 1.84 = Rs 2.116 lakh