A sponsor for the Indian Premier League generated a revenue of 3.1 million in INR and had a profit of 21% for the year 2020 before sponsoring the league. If the board calculates that the cost will rise this year by 10% by sponsoring a team and that the expected revenue will go up by 20%, what is the new profit percentage for the company?
• a)
37%
• b)
32%
• c)
35%
• d)
30%

### Related Test

 Nipun Tuteja Jan 18, 2022
Let the cost of the company before sponsoring the league be Rs. x
It made a profit of 21% and generated a revenue of 3.1 million Ruppes.
So, 1.21x= 3100000

If the costs go up by 10% this year, new cost=
New revenue= .21x 3100000
So, new revenue is  times the new cost.
Or, new revenue is 1.32 times the new cost.
.'. New profit= 32%.

Let the cost of the company before sponsoring the league be Rs. xIt made a profit of 21% and generated a revenue of 3.1 million Ruppes.So, 1.21x= 3100000If the costs go up by 10% this year, new cost=New revenue=.21x3100000So, new revenue is times the new cost.Or, new revenue is 1.32 times the new cost... New profit= 32%.

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