If the expenditure of Company Y in 1997 was Rs. 220 crores, what was its income

Question

If the expenditure of Company Y in 1997 was Rs. 220 crores, what was its income in 1997?___

Answer:
:
Profit percent of CompanyY in 1997 = 35.
Let the income of CompanyY in 1997 be Rs. x crores.
Then, 35 =

\frac{x - 20}{220}

\times

100

\Rightarrow

x = 297.
Income of CompanyY in 1997 = Rs. 297 crores

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