Question : The following bar chart shows the revenue (in thousand rupees) generated from the sale of 5 different objects, O1 to O5. The following bar chart shows the profit percentage gained through the sales of these 5 objects. ${\text{Profit percentage}}=\frac{\text { Revenue }- \text { Cost }}{\text { Cost }} \times 100$ What is the cost incurred in the procurement and sale of O1?
Option 1: INR 1,40,000
Option 2: INR 1,20,000
Option 3: INR 1,50,000
Option 4: INR 1,60,000
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Correct Answer: INR 1,50,000
Solution : Let the cost of O 1 be $x$. ⇒ Profit percentage = $\frac{\text{Revenue – Cost}}{\text{Cost}}×100$ ⇒ $20 = \frac{180000 - x}{x} × 100$ ⇒ $0.2 = \frac{180000 }{x}- 1$ ⇒ $x=\frac{180000 }{1.2}= 150000$ Hence, the correct answer is INR 1,50,000.
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