Multiple Choice Questions on If the percentage profit of A in year 2011 is 20 then his expenditure is by how much percent approxi........... for RBI Grade B Exam Preparation

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Multiple Choice Questions

If the percentage profit of A in year 2011 is 20 then his expenditure is by how much percent approxi...........

Quantitative Aptitude (RBI Grade B) Data Table
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    The table shows the income and expenditure in lakhs of A and B in five different years.
    Note- profit = Income - expenditure  Profit% = profit / expenditure ×100

    If the percentage profit of A in year 2011 is 20% then his expenditure is by how much percent (approximately) more or less than that of A in year 2014?

    11% more

    Incorrect Answer

    18% less

    Incorrect Answer

    8% less

    Incorrect Answer

    13% less

    Correct Answer
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    Explanation:

    Expenditure of A in 2011 =510/1.2 
    = 425 lakh
    Required percentage = (490−425)/490 ×100 
    = 13% less

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