Question

The ration of the expenditures of the businessman in 2003 and 2008 was 7:13. If he earned a profit of 19% in 2008, what was his income in that particular year?

• A. Rs 94060
• B. Rs 93720
• C. Rs 92820
• D. Rs 90560
• E. Rs 88760

Answer 1

The correct option is C Rs 92820

Let the expenditure be x.
Then, 7x = 42000
$\therefore$ x = 6000
Now, the expenditure in 2008
$13\times 6000$
= Rs 78000
So, 19 $=\frac{Profit}{78000}\times 100$
or Profit =780 $\times$ 19=Rs 14820
Hence, income in 2008
= 78000+14820=Rs. 92820.