Q6
If the expenditure of Company A in 2021 was Rs. 120 Lakhs, what was its income?
Correct Option: D
Detailed Solution
Profit % = ((Income - Expenditure) / Expenditure) * 100 => Income = Expenditure * (1 + Profit/100). Profit of A in 2021 = 50%. Income = 120 * 1.50 = Rs. 180 Lakhs.

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