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If the amount of profit earned by Company A in 2006 was Rs.10.15 lakhs, what was the total investment?

A Rs.13.8 lakhs

B Rs.14.9 lakhs

C Rs.15.4 lakhs

D Rs.14.2 lakhs

E None of these

Solution

Correct Answer: Option E

Profit percentage of A in 2006 = 55%

Investment = (Profit earned/Profit percentage) × 100

∴ Investment of A in 2006 = (10.15/55) × 100 = 18.45 lakhs

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