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The following graph shows Gross Traffic Receipts and Total Expenditure (in ₹) from 2015 to 2019 .

Figure for JIPMAT 2024 LR question 25 (Data Interpretation)

In order to make a profit of 10%10 \%, what should have been the approximate gross traffic receipts in 2016, total expenditure remaining the same ?

Solution

Correct Option: 3

Given:

2016 expenditure = 5800

Required profit = 10%

Required receipts should be = Expenditure + 10% profit

= 5800 + 10% of receipts

Let required receipts be x

x = 5800 + 10100x\frac{10}{100}x

x = 5800 + 0.1x

0.9x = 5800

x = 58000.9\frac{5800}{0.9} = 6444

Therefore, to make a 10% profit, the gross traffic receipts should have been 6444.

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