Direction: Study the following graphs carefully and answer the questions given below:
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Approximately what was the expenditure in 1994?
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- $ 120 Million
- $ 160 Million
- $ 140 Million
- $ 180 Million
- Data inadequate
Correct Option: C
Let us assume E was the expenditure in 1994.
As we can see in the graph given that,
Profit = 15 % ,
Income in 1994 = 160
Then according to question,
E + E x 15 % = 160
E + E x 15 /100 = 160
(100E + E x 15 ) /100 = 160
115E / 100 = 160
115E = 160 x 100
E = 160 x 100 / 115
E = 139.13
Expenditure in 1994 E = 139.13 ≈ 140 Million
