1.  The companies M and N together had a percentage of profit/loss of?

A. 12% loss
B. 10% loss
C. 10% profit
D. 12% profit
E. There was no loss or profit

Answer: Option E

Explanation:

Total income of Companies M and N together

    = (35 + 50) million US $

    = 85 million US $

Total expenditure of Companies M and N together

    = (45 + 40) million US $

    = 85 million US $.

Therefore Percent Profit/Loss of companies M and N together

% Profit/Loss =(85 - 85x 100)= 0%.
85

Thus, there was neither loss nor profit for companies M and N together.