The bar chart given below shows the ratio of expenditure to revenue for seven consecutive years Y1, Y2, Y3, Y4, Y5, Y6 and Y7.
Revenue for year Y4 is Rs. 22500. What is the profit for year Y4?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Rs. 2250.
| Understanding/Application |
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Revenue for Y4 = Rs. 22500 Ratio of expenditure to revenue in Y4 = 0.9 Exp : Rev = 9 : 10 Let expenditure be 9x and revenue be 10x. ATQ - 10x = 22500 x = 2250 |
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Profit = Revenue - Expenditure = 10x - 9x = x Profit = 2250 |