Hi Hridhi,Profit is calculated on Cost so it'll be expenditure here. We do not calculate profit on revenue, unless and until mentioned in the question.

DILR - calculating profit percentage image.png 137.77 KBQ)  What was the highest profit percentage obtained by a particular outlet? Shouldn't profit percentage formula in this case be net profit / revenue ??why in the solution net profit is divided by expenditure ?

DILR - calculating profit percentage image.png 137.77 KBQ)  What was the highest profit percentage obtained by a particular outlet? Shouldn't profit percentage formula in this case be net profit / revenue ??why in the solution net profit is divided by expenditure ?