What percentage of the total profits for the store in 2016 was from the Electronics department? [TITA]
Started 3 months ago by Shashank in
Explanatory Answer
The percentage share in Revenue and cost in the different years are as follows
Assume the cost of the store in 2016 to be 100.
As the profit percentage that year was 100, the revenue of the store in that year would be
200 .
Revenue in 2017 would be 400 and cost of the store in 2018 would be 200 . Given that in
2017,30% of 400 = 40% of cost.
120 = 40% of cost or cost in 2017=300
In 2018,50% of 200 = 40% of Revenue
Revenue in 2018 100/0.4= 250
We have the following values for Revenue and cost for the different years
Profit of the store from the Electronics department in 2016 =100 -30 = 70
Total profit =100 The required percentage = 70%.
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