In 2001, what was the approximate percentage of profit/loss of all the five Companies taken together?

5% profit

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6.5% profit

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4% loss

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7% loss

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Solution

The correct option is C 5% profit
Total income of all five companies
= (35 + 50 + 40 + 40 + 50) million US $
= 215 million US $.
Total expenditure of all five companies
= (45 + 40 + 45 + 30 + 45) million US $
= 205 million US $.
$∴$ % Profit = \left [ \dfrac{(215 - 205)}{205} \times 100 \right ]=4.88% \approx$ 5%

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