Question

The companies M and N together had a percentage of profit/loss of?

• A. 12% loss
• B. 10% loss
• C. 10% profit
• D. There was no loss or profit

Answer 1

The correct option is D There was no loss or profit

Total income of Companies M and N together
= (35 + 50) million US $
= 85 million US $
Total expenditure of Companies M and N together
= (45 + 40) million US $
= 85 million US $.
$\therefore$ Percent Profit/Loss of companies M and N together
% Profit/Loss $=(\frac{85-85}{85}\times 100)=0$%
Thus, there was neither loss nor profit for companies M and N together.