Question Details

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 ________.

Options

A

34.1

B

35.1

C

33.7

D

32.7

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:

R 2015 = 45 million rupees

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 R2014 represents the revenue in 2014, then:

R 2015 = 1.20 × R 2014

Substituting R2015=45 into the equation:

45 = 1.20 × R 2014

Solving for R2014:

R 2014 = 45 1.20 = 37.5 million rupees

Step 3: Calculate the expenditure of Company Q in 2014
Let E2014 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:

Profit = 0.10 × E 2014

Therefore:

R 2014 - E 2014 = 0.10 × E 2014

R 2014 = 1.10 × E 2014

Substituting R2014=37.5:

37.5 = 1.10 × E 2014

Solving for E2014:

E 2014 = 37.5 1.10 = 34.0909... 34.1 million rupees

Thus, the expenditure of company Q in 2014 was approximately 34.1 million rupees.

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