Question

Which company earned the maximum percentage profit in the year 2001?

• A. M
• B. N
• C. P
• D. Q

Answer 1

The correct option is D Q

The percentage profit/loss in the year 2001 for various companies are:
For M $=[\frac{(35-45)}{45}\times 100]$% = -22.22% i.e., Loss = 22.22%
For N $=[\frac{(50-40)}{40}\times 100]$% = 25% i.e., Profit = 25%
For P $=[\frac{(40-45)}{45}\times 100]$% = -11.11% i.e., Loss = 11.11%
For Q $=[\frac{(40-30)}{30}\times 100]$% = 33.33% i.e., Profit = 33.33%
For R $=[\frac{(50-45)}{45}\times 100]$% = -11.11% i.e., Profit = 11.11%
Clearly, the Company Q earned the maximum profit in 2001.