Question
Download Solution PDFStudy 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 B?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Investment of Company B = 8 Lakhs
Profit of Company B = 1 Lakh
Formula used:
Gain Percentage = \(\dfrac{\text{Profit}}{\text{Investment}} \times 100\)
Calculation:
Gain Percentage of Company B = \(\dfrac{1}{8} \times 100\)
⇒ Gain Percentage = 0.125 × 100
⇒ Gain Percentage = 12.5%
∴ The gain percentage of Company B is 12.5%.
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