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Percent profit made by two companies over the years. Percent Profit = [(Income – Expenditure)/Expenditure]*100
If in the year 2004 the expenditures incurred by company A and B were the same, what was the ratio of the income of company A to that of Company B in that year?
25 : 26
26 : 27
20 : 21
27 : 28
Explanation : Let Expenditure = Rs.100 Income(A) = Rs. 135 Income(B) = Rs. 140 Ratio = 135 : 140 = 27 : 28
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