Question

The given bar graph represents the monthly profits of Company X. Please answer the question(s) based on the given data.

If percentage change in profit from September to October is same as percentage change in profit from July to August, then what would be the approximate monthly profit in October?

• A. 5,00,000
• B. 10,00,000
• C. 15,00,000
• D. 20,00,000

Answer 1

The Correct Option is C

The given bar graph represents the monthly profits of Company X from April to September. We need to determine the profit for October using the percentage change from July to August.

Step 1: Determine the Percentage Change from July to August

From the bar graph:

• Profit in July = 95 lakhs
• Profit in August = 70 lakhs

The percentage change is given by:

\[ \text{Percentage Change} = \left(\frac{\text{Profit in August} - \text{Profit in July}}{\text{Profit in July}}\right) \times 100 \]

\[ = \left(\frac{70 - 95}{95}\right) \times 100 \]

\[ = \left(\frac{-25}{95}\right) \times 100 \]

\[ = -26.32\% \]

Step 2: Apply the Same Percentage Change from September to October

From the graph:

• Profit in September = 20 lakhs

Let the profit in October be x. Using the same percentage change:

\[ x = 20 + \left(\frac{-26.32}{100} \times 20\right) \]

\[ x = 20 - 5.264 \]

\[ x \approx 14.74 \text{ lakhs} \]

Approximating to the nearest value, the profit in October is around 10 lakhs.

Final Answer:

Option (B) ₹10,00,000