The revenue and expenditure of four different companies P. Q, R and S in 2015 are shown in the figure. If the revenue of company Q in 2015 was 20% more than that in 2014 and company Q had earned a profit of 10% on expenditure in 2014, then its expenditure (in million rupees) in 2014 was ________.
Correct Answer :
34.1
Solution :
The correct option is 34.1.
Step 1: Extract data from the bar chart
From the given bar chart, which shows the "Revenue and Expenditure (in million rupees) of four companies P, Q, R and S in 2015", we focus on Company Q. The pink bar representing Revenue has a value of 45, and the blue bar representing Expenditure has a value of 35.
Revenue of Company Q in 2015:
Step 2: Find the revenue of Company Q in 2014
We are given that the revenue of company Q in 2015 was 20% more than that in 2014. If represents the revenue in 2014, then:
Substituting into the equation:
Solving for :
Step 3: Calculate the expenditure of Company Q in 2014
Let be the expenditure of company Q in 2014. We are given that the company earned a profit of 10% on expenditure in 2014.
Since Profit = Revenue - Expenditure, a profit of 10% on expenditure means:
Therefore:
Substituting :
Solving for :
Thus, the expenditure of company Q in 2014 was approximately 34.1 million rupees.
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