Profit for four quarters for two years 2003 and 2004 is compared in the double bar graph as shown below.What is the difference between the total profits for years 2004 and 2003 in all the four quarters?

240

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230

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Solution

The correct option is D
10
Sum of the profits (in ₹) of all the quarters for the year 2004 = 50000 + 80000 + 60000 + 50000 = ₹240000

Sum of the profit (in ₹) of all the quarters for the year 2003 = 50000 + 70000 + 60000 + 50000 = Rs 230000

$⟹$ Difference between the sums = ₹(240000 - 230000) = ₹10000

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P. Ltd. proposed to purchase the business carried on by Mr. A. Goodwill for this purpose is agreed to be valued at three years purchase of the weighted average profits of the past four years.

The appropriate weights to be used are:

2001 - 1

2002 - 2

2003 - 3

2004 -4

The profit for the year as follows:

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2002 - Rs 1,24,000

2003- Rs 1,00,000

2004- Rs 1,50,000

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