1.  If the expenditure of Company Y in 1997 was ₹ 220 crores, what was its income in 1997 ?

A. ₹ 312 crores
B. ₹ 297 crores
C. ₹ 283 crores
D. ₹ 275 crores
E. ₹ 261 crores

Answer: Option B

Explanation:

Profit percent of Company Y in 1997 = 35.

Let the income of Company Y in 1997 be ₹ x crores.

Then, 35 = x - 220 x 100     =>     x = 297.
220

Therefore Income of Company Y in 1997 = ₹ 297 crores.