Studey the following data and answer the questin below.
What was the revenue of the company if its expenditure was rs50 lakhs in the year when its profit percentage was the highest?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Rs.65 lakhs
The company profit maximum in 2016 was = 30%
The expenditure of the company is = 50 lakh Rs
The profit of the company was = 50 * 0.3 = 15 lakh Rs
Hence, The revenue of the company was = 50 + 15 = 65 lakh Rs