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

    2. A.

    Rs. 312 crores
    B.

    Rs. 297 crores
    C.

    Rs. 283 crores
    D.

    Rs. 275 crores

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    Answer : Option B

    Explanation :

    Profit percent of Company Y in 1997 = 35.

    Let the income of Company Y in 1997 be Rs. x crores.

    Then, 35 = \(\frac { X - 220 } { 220 } \) x 100 =>     x = 297.

    Therefore Income of Company Y in 1997 = Rs. 297 crores.

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