In 1997–98, the expenditure of Company X was $ 40

Direction: Study the following graph to answer the given questions.

In 1997–98, the expenditure of Company X was $ 40 billion. What was its income in that year?

1. $ 50 billion
2. $ 48 billion
3. $ 46 billion
4. Cannot be determined
5. None of these

As per given formula in question,

% Profit =	Income - Expenditure	x 100
	Expenditure

Income =	(100 + profit ) × Expenditure
	100

Given :- Expenditure of Company X = $ 40 million
Profit = 20 %
Put these values in above formula, we will get,

Income =	(100 + 20 ) × $ 40 million
	100

Income =	120 × $ 40 million
	100

Income = 12 x 4 million $ = 48 million $