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

If the amount of profit earned by Company A in the year 2007 was Rs. 1.5 lakhs, what was its expenditure in that year ?

Options

A. Rs. 1.96 lakhs
B. Rs. 2.64 lakhs
C. Rs. 1.27 lakhs
D. Rs. 3.75 lakhs

Answer

D

Explanation

Let the expenditure of company Ain 2007 be Rs x lakh.
`:. 40=(1.5)/(40)xx100 rArr 40x=150`
`rArr x=(150)/(40)=Rs. 3.75` lakh