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The following line graph shows Percent Profit earned by Two Companies(A & B) over the years. % Profit = [Profit Earned] / [Total Investment] * 100 Profit Earned = Total Income – Total Investment
If the total amount invested by the two companies in 2014 was 30 lakh, while the amount invested by company B was 50% of the amount invested by Company A, what was the total profit earned by two companies together?
Rs. 23 Lakhs
Rs. 24 Lakhs
Rs. 25 Lakhs
Rs. 21 Lakhs
Explanation : Amount invested by Company A in 2014 = 2/3 * 30,00,000 = 20 lakh Amount invested by Company B in 2014 = 1/3 * 30,00,000 = 10 lakh Profit earned by Company A = 75/100 * 20,00,000 = 15 lakh Profit earned by Company B = 80/100 * 10,00,000 = 8 lakh Total Profit = 23 lakh
By: Pranav Gupta ProfileResourcesReport error
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