Bissoy.com
Doctors Medicines MCQs Q&A

A company's profits have doubled for each of the last 5 years . If the total profits for the last 5 years were TK. 62 million , what were the profits in the first year ?

A company's profits have doubled for each of the last 5 years . If the total profits for the last 5 years were TK. 62 million , what were the profits in the first year ? Correct Answer 2

Let, first year profit = x, as profit have doubled for each year, so 2nd year profit = 2x 3rd year profit = 2x ×2 = 4x 4th year profit = 4x×2 = 8x 5th year profit = 8x × 2 = 16x Total profit = x + 2x + 4x + 8x + 16x = 31x According to the question 31x = 62 x = 2

Related Questions

A company reports sales revenue of Tk. 200 million the current year and Tk. 180 million last year. Their total assets in the current year are Tk. 150 million and last year's total assets were Tk. 130 million . What is the current year's asset turnover ratio ?
The question given below consists of a statement, followed by three arguments I, II and III. You have to decide which of the arguments is/are ‘strong’ arguments is/are ‘weak’ arguments and accordingly choose your answer from the alternatives given below each question. Statement: For users, Facebook's revelation of a data breach that gave attackers access to 50 million accounts raises an important question: What happens next? For the owners of the affected accounts, and of another 40 million that Facebook considered at risk, the first order of business may be a simple one: sign back into the app. Facebook logged everyone out of all 90 million accounts in order to reset digital keys the hackers had stolen - keys normally used to keep users logged in, but which could also give outsiders full control of the compromised accounts.  Which of the following points do not capture the negligence of Facebook in the most appropriate manner? Arguments: I. What Facebook knows so far is that hackers got access to the 50 million accounts by exploiting three distinct bugs in Facebook's code that allowed them to steal those digital keys, technically known as ‘access tokens’. The company says it has fixed the bugs.  II. The hack is the latest setback for Facebook during a tumultuous year of security problems and privacy issues . So far, though, none of these issues have significantly shaken the confidence of the company's 2 billion global users.  III. One of the bugs was more than a year old and affected how the ‘View As’ feature interacted with Facebook's video uploading feature for posting ‘happy birthday’ messages. But it wasn't until mid-September that Facebook noticed an uptick in unusual activity, and not until this week that it learned of the attack.
Ambani bought a total of 30 Aircraft, Lamborghini, and Bentley for Rs.136 million. He bought one Lamborghini more than Bentley. The cost of each Aircraft was Rs. 8 million each, Lamborghini was Rs. 3 million each and Bentley was Rs. 4 million each. How many Aircraft did he buy?
Liverpool Football Club bought Cristiano Ronaldo for $25 million, and after 5 years sold him for $65 million. A player’s value, when in his early 20’s (20-25) increases by 3 million every year till 25 years of age, and decreases by $2 million every year after that. What was Liverpool’s profit/loss when they sold Ronaldo, assuming value of money remained same for 5 years? He was 25 when he left the club.
Read the following passage and answer the item that follows. Your answers to this item should be based on the passage only. By 2020, when the global economy is expected to run short of 56 million young people, India, with its youth surplus of 47 million, could fill the gap. It is in this context that labour reforms are often cited as the way to unlock double-digit growth in India. In 2014, India's labour force was estimated to be about 40 percent of the population, but 93 percent of this force was in unorganized sector. Over the last decade, the compound annual growth rate (CAGR) of employment has slowed to 0.5 percent, with about 14 million jobs created during last year when the labour force increased by about 15 million. Which of the following is the most rational inference from the above passage? 
In the year 2002, the population of India was 200 million, after which it increases 10% every year for the next three years. In the year 2006, the increase in the population was 50 million and 70 million in the year 2007. Find the total population at the beginning of 2008.
Study the following information and select appropriate logical conclusion based on it. The Consumer Pyramids Household Survey quantifies the sharp fall in the rate of growth of jobs for the better educated in recent years. Over the last three years - between early 2016 and late 2018 -38 million jobs were added for people who completed only primary education, that is up to 5th standard. This implied that jobs for these barely educated people increased by nearly 45% over these three years. In comparison, people who had acquired a little better education that is between 6th and 9th standard, saw an addition of much lesser 18 million jobs implying also a lower 26% increase in jobs for these people. People who had completed secondary-to-higher secondary school education - 10th, 11th or 12th - saw a growth of 13 million jobs reflecting only a 12% growth over a three years period.
If for the year a country's GDP was $990 million, consumer spending was $630 million, investment by businesses was $110 million, exports were $55million and imports were $45 million, calculate government spending?
If for the year a country's GDP was $ 1315 million, consumer spending was $900 million, investment by businesses was $180 million, exports were $85million and imports were $100 million, calculate government spending?
GDP is $10 million, consumer spending is $6 million, government spending is $3 million, exports are $2 million, and imports are $3 million. How much is spent for investments?