Question

Study the graph carefully to answer the questions:
Percent rise in profit of two companies over the years

If the profit earned by Company M in the year 2008 was Rs 3.63 lakh, what was the amount of profit earned by it in the 2006?

• A. Rs 2.16 lakh
• B. Rs 1.98 lakh
• C. Rs 2.42 lakh
• D. Cannot be determined
• E. None of these

Answer 1

The correct option is C Rs 2.42 lakh

Profit earned by M in the year 2006
$=3.63\times \frac{100}{120}\times \frac{100}{125}=Rs2.42lakhs$