Q47
If the amount of profit earned by Company A in 2006 was Rs. 10.12 lakh, what was the total investment?
A.
Rs. 13.8 lakh
B.
Rs. 14.9 lakh
C.
Rs. 15.4 lakh
D.
Rs. 14.2 lakh
E.
None of these
AnswerAnswer: Option E
Solution
Answer: Option E
Solution:
Let the investment of A in 2006 be Rs. Then,
\begin{aligned} & \text{Profit = 55% of Rs. }x \\ & =\text{Rs.}\left(x\times\frac{55}{100}\right) \\ & =\text{Rs.}\left(\frac{11x}{20}\right) \\ & \therefore \frac{11x}{20} = 10.12\text{ lakh} \\ & \Rightarrow \frac{11x}{20} = 10.12\times100000 \\ & \Rightarrow \frac{11x}{20} = 1012000 \\ & \Rightarrow x = 1012000\times\frac{20}{11} \\ & \Rightarrow x = 1840000 \\ & \Rightarrow x = \text{18.4 lakh} \\\end{aligned}
Investment of A in 2006 = 18.4 lakh