The following bar chart represents the gross amount (in Rs. Lakhs) and total cost (in Rs. lakhs) of a firm.
In order to make a profit of 25%, what should the gross amount have been (in Rs. crores) in 2019-2020, if the total cost remained the same?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. 8125.
To earn a profit of 25%
Profit will be earned on total amount = Rs.6500
So, the gross amount in years 2019-2020 = 6500 × 125/100 = 8125