Read the given information and answer the question that follows.
If Company A makes 25% of income as profit in 2014, then its expenditure in that year is:
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. ₹30 crores.
Income of company A in 2014 = 40 crore
Profit = 25% = 40 × 25/100 = 10 crore
Expenses = Income - profit = 40 - 10 = 30 crore