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Per cent Profit =("Income-Expenditure")/...

Per cent Profit =`("Income-Expenditure")/("Expenditure")xx100`

If in the year 2004 be expenditure incurred by Company A and B was the same, what was the respectively ratio of the income of Company A and B in that year ?

A

`27:28`

B

`14:23`

C

`13:19`

D

Can not be determined

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Verified by Experts

The correct Answer is:
D
Let the expenditure of companies A and B in 2004 be Rs. Lakh each.
For company A, `35=(I_(1)-I)/(I)xx100`
`rArr 135I=1001_(1)" ".....(i)`
For company B,` 40=(I_(2)-I)/(I)xx100`
`rArr 1401=100 I_(2)" ".....(ii)`
dividing equation (i) by (ii),
`(I_(1))/(I_(2))=(135)/(140)=(27)/(28)`
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