Q10
The retained profit in 1991-92, as compared to that in 1990-91 was:
A.
Higher by 2.5 %
B.
higher by 1.5%
C.
lower by 2.5 %
D.
lower by 1.5%
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Retained profit in 1990-91= 25% of 130
= Rs. 32.5 lakh
Retained profit in 1991-92
= 20% of 160
= Rs. 32 lakh
∴ Decrease
= × 100
= 1.53%
≈ 1.5%