Question : Refer to the data table and answer the following question.
| Years | Company's % profit |
| 2011 | 10 |
| 2012 | 25 |
| 2013 | 20 |
| 2014 | 15 |
| 2015 | 20 |
What was the revenue of the company if its Expenditure was Rs. 225 crore in the year when its % profit was the least?(in Rs. Crore)
Option 1: 270
Option 2: 247.5
Option 3: 292.5
Option 4: 225
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Correct Answer: 247.5
Solution :
The lowest percentage profit of the company was 10% in the year 2011.
Let the expenditure as E and the revenue as R.
The profit = R – E
Given that the profit percentage is 10%.
⇒ R – E = E × $\frac{10}{100}$
⇒ R = E + E × $\frac{10}{100}$
Substituting E = 225 crore,
R = 225 + 225 × $\frac{10}{100}$ = 225 + 22.5 = 247.5 crore
Hence, the correct answer is 247.5.
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