Question
Download Solution PDFComprehension
Directions: Study the following Bar-chart and the data provided to answer the questions that follow: Investment, Turnover and Profit of four different companies A, B, C and D are given. (In Lakhs)
What is the gain percentage of Company A?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Company A:
- Investment = 2.4 lakhs
- Profit = 12 lakhs
Formula used:
\(\text{Gain %} = \dfrac{\text{Profit}}{\text{Investment}} \times 100\)
Calculations:
\(\text{Gain %} = \dfrac{12}{2.4} \times 100\) = 500%
The gain percentage of Company A is 500%
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