For company R, if the expenditure had increased by 20% in the year 2001 from the year 2000 and company had earned profit of 10% in 2000, the company’s income in year 2000 (in crore).

For company R, if the expenditure had increased by 20% in the year 2001 from the year 2000 and company had earned profit of 10% in 2000, the company’s income in year 2000 (in crore). Correct Answer 41.67

Expenditure in 2001 of R = 45
Expenditure in 2000 of R
$$\eqalign{& = 45 \times \frac{100}{120} \cr& = 37.5 \cr} $$
The income of company in 2000
$$\eqalign{& = 37.5 \times \frac{100}{90} \cr& = 41.67 \cr} $$

Related Questions

Each question below is followed by three statements I, II and III. You have to determine whether the data given in the statements are sufficient for answering the question. You should use the data and your knowledge of mathematics to choose the best possible answer. How much profit did the company earn in the year 2017? Statement I: The company earns 1/3 more profit in the year 2017 than that in the year 2016. Statement II: The average profit earned by the company in the year 2016 and 2018 together is 15 crores. Statement III: In the year 2017 the company earned 8/9 of the profit earned in the year 2018.