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Question

The table below presents the percentage profit earned by two companies A and B during the period 2013 to 2018. Based on the data given in the table, answer five questions that follow

Yearwise percentage (%) profit

Year % Profit Earned
AB
201320 %35 %
201432 %30 %
201540 %50 %
201625 %40 %
201730 %30 %
201815 %40 %

[Where profit % = $\frac{Income − Expenditure}{Expenditure} × 100]$

If the income of company A in the year 2017 is ₹ 26 lakhs, then what is the expenditure of company A in that year?

This question was previously asked in
UGC NET 2019 Paper 1 Question Paper (5-Dec-2019) (Shift 2)
The correct answer is

₹ 20.0 lakhs

Solution:

To solve this question, we need to determine the expenditure of company A in the year 2017, given its income and percentage profit for that year. Let's go through the steps one by one.

Given Data:

  • Income of company A in 2017 = ₹ 26 lakhs
  • Percentage profit of company A in 2017 = 30%

Formula Used:

The formula for percentage profit is:

\(\text{Profit \%} = \frac{\text{Income} - \text{Expenditure}}{\text{Expenditure}} \times 100\)

Solution Steps:

  1. Let the expenditure of company A in 2017 be ₹ \(E\)lakhs.
  2. According to the formula given for profit percentage:

30 = \frac{26 - E}{E} \times 100

  1. Re-arrange the equation to find \(E\):

\frac{26 - E}{E} = \frac{30}{100}

  1. Cross-multiply to solve for \(E\):

26 - E = \frac{30}{100} \times E

  1. Convert the equation to:

26 - E = 0.3E

  1. Combine the \(E\)terms:

26 = E + 0.3E

  1. Simplify to:

26 = 1.3E

  1. Isolate \(E\):

E = \frac{26}{1.3} = 20 \text{ lakhs}

Conclusion:

The expenditure of company A in the year 2017 is ₹ 20.0 lakhs.

Verification:

To ensure correctness, verify by substituting back:

  • Income = ₹ 26 lakhs, Expenditure = ₹ 20 lakhs.
  • Profit = Income - Expenditure = ₹ 26 lakhs - ₹ 20 lakhs = ₹ 6 lakhs.
  • Profit Percentage = \(\frac{6}{20} \times 100 = 30\%\).

The calculated profit percentage matches the given data, confirming the solution is correct.

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Important Questions from Tabulation

  1. An object is placed beyond the centre of curvature (C) of a concave mirror. The image formed will be now:
  2. Directions: 

    Using the data from the graph answer the question below: 

    Find the total number of males from sector P and females from sector R together. 

    Ratio of number of male and female employees

     MaleFemale
    P67
    Q59
    R98
    S78
    T35
  3. Directions: 

    Using the data from the graph answer the question below: 

    Number of Employees working in 5 different sector: 

    Find the number of males from sector Q.

     Ratio of number of male and female employees:

     MaleFemale
    P67
    Q59
    R98
    S78
    T35

     

  4. Directions: 

    Using the data from the graph answer the question below: 

    Find the ratio between number of males from the sector T to number of females from the sector S.

  5. Directions: 

    Using the data from the graph answer the question below: 

    Find the total number of males from sector Q and females from sector P together.

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