Question

Using the information of the bar graph given below, answer the questions that follow.

Description of cost price of raw material, overhead expenditure and sales of a company X for a product during the given year (in lakhs)

By what percent is the profit earned by the company in the year 2002 less than that earned in the year 2001 ?

• A.
• B.
• C.
• D.
• E.

Answer 1

The correct option is A

Profit of company :
Year 2001
$\Rightarrow 660-(320+100)$
$=660-420=Rs.240lakh$

Year 2002 $\Rightarrow 720-(440+120)$
$=720-560=Rs.160lakh$

$\therefore$ Required percent
$=\frac{240-160}{240}\times 100$
$=\frac{100}{3}=33\frac{1}{3}\%$