Direction : The following table shows the expenditure and income of a certain company in 5 years. Upon which its profit% and loss% are also given. Some values are missing. Study the table carefully and answer the questions based on data in table and particular questions.
|
Year
|
Expenditure(in millions)
|
Income (in million)
|
Profit (%)
|
|
Loss (%)
|
|
2011
|
96
|
|
15%
|
|
2012
|
124
|
|
|
|
2013
|
105
|
|
20%
|
|
2014
|
|
179.8
|
|
|
2015
|
|
|
-12%
|
In 2014, profit% of company was 60% more than in 2011. Find percent increase (approximately) in expenditure of company in 2014 as compared to previous year.
Explanation:
In 2014, profit% = 160/100 * 15 = 24%
So expenditure in 2014 = 179.8 * 100/124 = 145 millions
So required % = (145-105)/105 * 100 = 38%
Hence, option 5 is the correct answer.
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By: Amit Kumar