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1. If the income of Company Q in 2001 was 10% more than its income in 2000 and the Company had earned a profit of 20% in 2000, then its expenditure in 2000 (in million US $) was?





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  • By: guest on 01 Jun 2017 11.13 pm
    Let the income of Company Q in 2001 = x million US $. Then, income of Company in 2001 = 110 x x million US $. 100 110x = 40         x = 400 . 100 11 i.e., income of Company Q in 2000 = 400 million US $. 11 Let the expenditure of Company Q in 2000 be E million US $. Then, 20 = [(400/11) - E] x 100     [ %Profit = 20% ] E     20 = 400 - 1 x 100 11E     E = 400 x 100 = 30.30. 11 120 Expenditure of Company Q in 2000 = 30.30 million US $.
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