If the amount invested by Company B in 2004 is Rs. 12 lakh and income…

Question

If the amount invested by Company B in 2004 is Rs. 12 lakh and income of 2004 is equal to the investment in 2005, what is the amount of profit earned in 2005 by Company B?

Accepted Answer

Option C. Rs. 10.23 lakh. Answer & Solution Answer: Option C Solution: & Investment of B in 2004 = 12 lakh & Income of B in 2004 & = Rs. (155/100×12 lakh ) & = Rs. 18.6 lakh & Profit earned in 2005 & = Rs. (55/100×18.6 lakh ) & = Rs. (11/10×9.3 lakh ) & = Rs. 10.23 lakh