The following table shows the expenditures of a company (in Rs. lakh) per annum over the given years. Study the following table carefully and answer the question that follows.

Year

Item of Expenditure

Salary

Fuel and Transport

Bonus

Interest on Loans

Taxes

2016

355

56

3.5

34.2

75

2017

285

85

4.2

28.6

61

2018

361

72

4.0

29.4

83

2019

310

69

5.5

45.6

71

2020

395

76

5.1

38.2

98

Total expenditure on all items in 2018 was what percent of the total expenditure of all the items in 2020?

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  1. 89.93%
  2. 88.63%
  3. 87.93%
  4. 89.73%

Answer (Detailed Solution Below)

Option 4 : 89.73%
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Detailed Solution

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Calculation:

Total Expenditure of 2018 = 361 + 72 + 4.0 + 29.4 + 83 

⇒ 549.4

Total Expenditure of 2020 = 395 + 76 + 5.1 + 38.2 + 98

⇒ 612.3

Required percentage = \( \dfrac{549.4}{612.3} \) x 100

⇒ 89.73%

∴ Total expenditure on all items in 2018 was 89.73 percent of the total expenditure of all the items in 2020.

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