Company A earned Rs. 423 lakh and company B earned 40% more than A. How much did B earn (Rs. lakh)?
Answer and explanation
Correct answer: A. 592.2
- Step 1: B = A × (100 + 40) ÷ 100. Step 2. = 423 × 1.4 = 592.2. Answer: 592.2. Why not the others: 253.8 is what you get if you reduce instead of increase. 463 is what you get if you add the percentage as lakh. 705 is what you get if you divide by (100 − p).
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