Quantitative Aptitude Ques 2500

Question: Directions: Study the following graph carefully to answer the given questions. [NlCL (AO) 2014]

(i) Profit = (Income $ - $ Expenditure) (ii) Profit per cent = (Profit/Expenditure $ \times $ 100) (iii) Loss = (Expenditure $ - $ Income) (iv) Loss per cent = (Loss / Expenditure $ \times $ 100) If income of the businessman increased by 40% from September to October and his expenditure decreased by 30% from September to October, what was his profit per cent in October?

Options:

A) $ 56\frac{9}{13} $ %

B) $ 51\frac{5}{13} $ %

C) $ 45\frac{9}{13} $ %

D) $ 53\frac{11}{13} $ %

E) $ 48\frac{7}{13} $ %

Show Answer

Answer:

Correct Answer: D

Solution:

  • Income of October $ =400\times \frac{140}{100}=560 $ Expenditure in October $ =520\times \frac{70}{100}=364 $

$ \therefore $ Profit = Income $ - $ expenditure $ =560-364=196 $

$ \therefore $ Profit % $ =\frac{196}{364}\times 100=53\frac{11}{13} $ %