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  1. The companies M and N together had a percentage of profit/loss of?

  2. A.

    12% loss

    B.

    10% loss

    C.

    10% profit

    D.

    There was no loss or profit

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    Answer : Option D

    Explanation :

    Total income of Companies M and N together

        = (35 + 50) million US $

        = 85 million US $

    Total expenditure of Companies M and N together

        = (45 + 40) million US $

        = 85 million US $.

    Therefore Percent Profit/Loss of companies M and N together

    % Profit/Loss  = [ \( \frac { 85-85 } { 85 } \) x 100 ] =0%

    Thus, there was neither loss nor profit for companies M and N together


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