What is the average expenditure (in Rs. million) of the company for five years from 2018 to 2022?
- AOption (a)
93.44
- BOption (b)
92.88
- COption (c)
93.98
- DOption (d)
94.88
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Correct answer
93.44
Why this answer is correct
The average expenditure from 2018 to 2022:
Explanation:
Key Points
Expenditure_2018 = 83.8 million Rs.
Expenditure_2020 = 113.28/(1 + 20/100) = 94.4 million Rs
Expenditure_2021 = 133.1/(1 + 21/100) = 110 million Rs.
Expenditure_2022 = 121.6/(1 + 27.9773/100) = 95.093 million Rs.
For Expenditure_2019, using the profit formula:
Expenditure_2019 = 95.76 / (1 + 14/100) = 84 million Rs.
The average expenditure from 2018 to 2022 is then:
Average Expenditure = (Expenditure_2018 + Expenditure_2019 +
Expenditure_2020 + Expenditure_2021 + Expenditure_2022)/5
= (83.8 + 84 + 94.4 + 110 + 95.093)/5 = 93.4586 million Rs (approximately).
So, the average expenditure of the company for five years from 2018 to 2022 is approximately Rs. 93.44 million