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vishakha

· started a discussion

· 1 Months ago

about profit percent of automobiles? (Question:182482.2)

how do we know that the profit percent of automobiles would be same this year?

Question:
DIRECTIONS: Refer to the following information to answer the questions that follow.


ABC Ltd. is operating in 4 businesses viz, beverages, automobiles, refrigeration and electronics. The net capital allotted for these in each year is in proportion to the profit they generated in the previous year.Furthermore, the capital allotted to them in the previous year was Rs. 32 crores, Rs. 38 crores, Rs. 41 crores and Rs. 45 crores respectively for beverages, automobiles, refrigeration and electronics. The share in net profit generated  previous year was in the ratio as follows 20%, 30%, 15% and 35%, in the same order. The profit this year have increased by 3%, 2%, 6% and 7% in the same order. Furthermore, the company is planning to get out of the refrigeration business and divide its capital equally among the remaining three. The total capital to be allotted this year is Rs. 40 crores.The net profit last year was Rs. 10 crores.

The capital (in Rs. crores) allotted for automobiles this year is:
Options:
A) 8
B) 10
C) 12
D) 16
E) None of these
Solution:
Ans: (c) Total capital this year = Rs. 40 crores.

 Percentage profit from automobiles last year = 30%.

 ⟹ Capital for automobiles = \(\left ( \cfrac {30}{100} \right )\) × 40 = Rs. 12 crores.

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