Directions (Next Five Questions) : Refer to the line graph and answer the given questions.
Data related to Income and Expenditure
(In INR hundred) of a Businessman During 7 years
Note :
(1) Profit = Income – Expenditure
(2) Loss = Expenditure – income
(3) Percent profit = (Profit/Expenditure) × 100
(4) Percent Loss = (Loss/Expenditure) × 100
(Applicable only to the following question)
What is the average profit earned by the businessman in 2001,2003,2004,2006 and 2007 together?
- INR 27,400/-
- INR 28,800/-
- INR 29,200/-
- INR 26,800/-
- INR 28,400/-
- Explanation:
Profit earned in 2001=660-400=260×100
=INR 26,000/-
Profit earned in 2003 = 720-420 = 300×100
=INR 30,000/-
Profit earned in 2004 = 780-400 = 380 ×100
= INR 38,000/-
Profit earned in 2006 = 820-580 = 240 × 100
= INR 24,000/-
Profit earned in 2007 = 740-480 = 260 × 100
= INR 26,000/-
∴ Required average = 26000+30000+38000+24000+26000/5
= INR 28,800/-
