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UGC NET Paper 1 Exam 6 Dec 2023 Shift 1 Solved Paper

Question Numbers: 1-5

The following table shows the income and expenditure (in Rs. millions) of a certain Company during the five years from 2018 - 2022, along with profit % and loss % incurred in all these years. Some values are missing in the table (indicated by '-') that you are expected to calculate if required. Based on the data in the table, answer the questions that follow.

Year - wise Income, Expenditure and Profit/Loss of a Company

Year	Expenditure (in ₹ millions)	Income (in ₹ millions)	Profit % (+) / Loss % (-)
2018	192	-	+15%
2019	248	-	-
2020	210	-	+20%
2021	-	359.6	-
2022	-	-	-12%

Question : 3 of 50

Marks: +1, -0

Profit in 2020 is ________ % more than in 2018:

56.76
44.98
45.83
59.82

Validate

Solution:

Concept:

Percentage increase measures how much a value has grown relative to its original amount.

Explanation:

First, find the profit in 2018. It is 15% of ₹192 lakh.

Profit in 2018 =

0.15 \times 192 = 28.8

lakh.

Next, find the profit in 2020. It is 20% of ₹210 lakh.

Profit in 2020 =

0.20 \times 210 = 42

lakh.

Now, calculate the percentage increase from 2018 to 2020.

Increase =

42 - 28.8 = 13.2

lakh.

Percentage increase =

\frac{13.2}{28.8} \times 100 = 45.83\%

Answer:

45.83% (Option C).

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