Question

What is the approximate percentage profit earned by the businessman in 2004 and 2007 together?

• A. 73
• B. 79
• C. 77
• D. 69
• E. 64

Answer 1

The correct option is A 73

Profit in 2004 = 78000-40000
=Rs 38000
Profit in 2007 = 74000 - 48000
=Rs 26000
$\therefore$ Total profit = 38000+26000
=64000
$\therefore$ Total expenditure,
=40000+48000=88000
$\therefore$ Required percent profit $=\frac{64000}{88000}\times 100$
=72.72%
=73%