The line chart given below shows the profit percentage of a company on 5 different products P1, P2, P3, P4 and P5.
The expenditure of product P5 is Rs. 46000. What is revenue of product P5?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Rs. 49680
Expenditure of P5 = 46000
Profit% of P5 = 8%
Formula:
⇒ Profit% = [(Revenue - Expenditure)/Expenditure] × 100
⇒ 8 = [(R - 46000)/46000] × 100
⇒ 3680 = R - 46000
⇒ R = 49680
So, Revenue will be Rs. 49680.