- The total production cost for both items (I and II) by all seven companies is Rs. 25 crore.
- The percentage production by Company G is \( 12% \), so the value of production by Company G is:
\[
\frac{12}{100} \times 25 \, \text{crore} = 3 \, \text{crore}
\]
- The ratio of production between items I and II for Company G is \( 1:2 \), meaning for every 1 unit of item I, 2 units of item II are produced.
- The total units of production are divided in this ratio, so for every 3 units produced, 1 unit is for item I and 2 units are for item II.
- The total profit earned by Company G from item I and item II is calculated using the given profit percentages:
- Profit for Item I: \( 1 \, \text{unit of production} = \frac{1}{3} \times 30 \, \text{percent of 3 crore} = 1 \, \text{crore} \times 0.30 = 0.3 \, \text{crore} \)
- Profit for Item II: \( 2 \, \text{units of production} = \frac{2}{3} \times 24 \, \text{percent of 3 crore} = 2 \, \text{crore} \times 0.24 = 0.48 \, \text{crore} \)
- Total profit from items I and II for Company G:
\[
\text{Total Profit} = 0.3 + 0.48 = 0.78 \, \text{crore} = 78 \, \text{lakh}
\]
Thus, the correct answer is Rs. 78 lakh.