The retained profit in 1991-92, as compared to that in 1990-91 was Options: A . &nbsphigher by 2.5% B . &nbsphigher by 1.5% C . &nbsplower by 2.5% D . &nbsplower by 1.5%

The retained profit in 1991-92, as compared to that in 1990-91 was

Question

The retained profit in 1991-92, as compared to that in 1990-91 was

Options:

A . higher by 2.5%

B . higher by 1.5%

C . lower by 2.5%

D . lower by 1.5%

Answer: Option D
:
D
Retained profit in 1900-91 = (25% of 130) = Rs 32.5 lakh
Retained profit in 1991-92 = (20% of 160) = Rs 32 lakh

= \frac{(32.5 - 32)}{32.5} = 1.5

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