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Two renowned international Sof tware companies , namely Pollaris and Contigent, started their business in the year 2007 and both the companies were in competition with each other in profit making. Pollaris earned 30 percent profit in the year 2007 and 2008, and further increased it to 40 percent in 2009. However, its prof it percentage decreased to 20 percent in the year 2010. On the other hand, Contigent opened with 40 percent prof it in 2007 , but slowly decreased to 35 percent in 2008 and 30 percent in 2009. Interestingly, both the companies increased their profit percentage in the later year considerably. Pollaris increased its profit percentage to 35 percent in 2011 and 50 percent in 201 2; simultaneously, Contigent increased its profit percentage to 45 percent in 2010, 50 percent in 2011 and reached 60 percent in the year 2012. As there is a need to understand the income and expenditure for the better performance of both companies in the future, answer the following questions.
Q. If the income of Contigent Company in 2008 was ₹ 200 crores, what was its prof it in 2009?
  • a)
    ₹ 21.5 Crore
  • b)
    ₹ 46.15 Crore
  • c)
    ₹ 153 Crore
  • d)
    Cannot be determined.
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Two renowned international Sof tware companies , namely Pollaris and C...
To determine the profit of Contigent in 2009, we first need to calculate the total income for that year. The profit percentage for Contigent in 2008 was 40%, and the total income was 200 crores, so the profit was 0.4 * 200 crores = 80 crores. In 2009, the profit percentage for Contigent decreased to 30%, so the total income for that year must have been greater than the previous year to maintain the same level of profit. The profit in 2009 was 80 crores, so the total income must have been 80 / 0.3 = 266.67 crores. Therefore, the correct answer is d) Cannot be determined.
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Most Upvoted Answer
Two renowned international Sof tware companies , namely Pollaris and C...
Explanation:
Given Information:
- Pollaris profit percentages: 30% in 2007 and 2008, 40% in 2009, and 20% in 2010.
- Contigent profit percentages: 40% in 2007, 35% in 2008, 30% in 2009, 45% in 2010, 50% in 2011, and 60% in 2012.
- Contigent's income in 2008 was 200 crores.
Calculation:
- In 2008, Contigent's income was 200 crores and profit percentage was 35%.
- Profit in 2008 = (35/100) * 200 = 70 crores.
- To find the profit in 2009, we need to know the income for that year.
- However, the income for 2009 is not provided in the given information.
- Hence, the profit in 2009 for Contigent cannot be determined with the information given.
Therefore, the correct answer is option 'D' - Cannot be determined.
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Two renowned international Sof tware companies , namely Pollaris and Contigent, started their business in the year 2007 and both the companies were in competition with each other in profit making. Pollaris earned 30 percent profit in the year 2007 and 2008, and further increased it to 40 percent in 2009. However, its prof it percentage decreased to 20 percent in the year 2010. On the other hand, Contigent opened with 40 percent prof it in 2007 , but slowly decreased to 35 percent in 2008 and 30 percent in 2009. Interestingly, both the companies increased theirprofit percentage in the later year considerably. Pollaris increased its profit percentage to 35 percent in 2011 and 50 percent in 201 2; simultaneously, Contigent increased its profit percentage to 45 percent in 2010, 50 percent in 2011 and reached 60 percent in the year 2012. As there is a need to understand the income and expenditure for the better performance of both companies in the future, answer the following questions.Q.If the income of Contigent Company in 2008 was 200 crores, what was its prof it in 2009?a) 21.5 Croreb) 46.15 Crorec) 153 Crored)Cannot be determined.Correct answer is option 'D'. Can you explain this answer?
Question Description
Two renowned international Sof tware companies , namely Pollaris and Contigent, started their business in the year 2007 and both the companies were in competition with each other in profit making. Pollaris earned 30 percent profit in the year 2007 and 2008, and further increased it to 40 percent in 2009. However, its prof it percentage decreased to 20 percent in the year 2010. On the other hand, Contigent opened with 40 percent prof it in 2007 , but slowly decreased to 35 percent in 2008 and 30 percent in 2009. Interestingly, both the companies increased theirprofit percentage in the later year considerably. Pollaris increased its profit percentage to 35 percent in 2011 and 50 percent in 201 2; simultaneously, Contigent increased its profit percentage to 45 percent in 2010, 50 percent in 2011 and reached 60 percent in the year 2012. As there is a need to understand the income and expenditure for the better performance of both companies in the future, answer the following questions.Q.If the income of Contigent Company in 2008 was 200 crores, what was its prof it in 2009?a) 21.5 Croreb) 46.15 Crorec) 153 Crored)Cannot be determined.Correct answer is option 'D'. Can you explain this answer? for CLAT 2024 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about Two renowned international Sof tware companies , namely Pollaris and Contigent, started their business in the year 2007 and both the companies were in competition with each other in profit making. Pollaris earned 30 percent profit in the year 2007 and 2008, and further increased it to 40 percent in 2009. However, its prof it percentage decreased to 20 percent in the year 2010. On the other hand, Contigent opened with 40 percent prof it in 2007 , but slowly decreased to 35 percent in 2008 and 30 percent in 2009. Interestingly, both the companies increased theirprofit percentage in the later year considerably. Pollaris increased its profit percentage to 35 percent in 2011 and 50 percent in 201 2; simultaneously, Contigent increased its profit percentage to 45 percent in 2010, 50 percent in 2011 and reached 60 percent in the year 2012. As there is a need to understand the income and expenditure for the better performance of both companies in the future, answer the following questions.Q.If the income of Contigent Company in 2008 was 200 crores, what was its prof it in 2009?a) 21.5 Croreb) 46.15 Crorec) 153 Crored)Cannot be determined.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CLAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Two renowned international Sof tware companies , namely Pollaris and Contigent, started their business in the year 2007 and both the companies were in competition with each other in profit making. Pollaris earned 30 percent profit in the year 2007 and 2008, and further increased it to 40 percent in 2009. However, its prof it percentage decreased to 20 percent in the year 2010. On the other hand, Contigent opened with 40 percent prof it in 2007 , but slowly decreased to 35 percent in 2008 and 30 percent in 2009. Interestingly, both the companies increased theirprofit percentage in the later year considerably. Pollaris increased its profit percentage to 35 percent in 2011 and 50 percent in 201 2; simultaneously, Contigent increased its profit percentage to 45 percent in 2010, 50 percent in 2011 and reached 60 percent in the year 2012. As there is a need to understand the income and expenditure for the better performance of both companies in the future, answer the following questions.Q.If the income of Contigent Company in 2008 was 200 crores, what was its prof it in 2009?a) 21.5 Croreb) 46.15 Crorec) 153 Crored)Cannot be determined.Correct answer is option 'D'. Can you explain this answer?.
Solutions for Two renowned international Sof tware companies , namely Pollaris and Contigent, started their business in the year 2007 and both the companies were in competition with each other in profit making. Pollaris earned 30 percent profit in the year 2007 and 2008, and further increased it to 40 percent in 2009. However, its prof it percentage decreased to 20 percent in the year 2010. On the other hand, Contigent opened with 40 percent prof it in 2007 , but slowly decreased to 35 percent in 2008 and 30 percent in 2009. Interestingly, both the companies increased theirprofit percentage in the later year considerably. Pollaris increased its profit percentage to 35 percent in 2011 and 50 percent in 201 2; simultaneously, Contigent increased its profit percentage to 45 percent in 2010, 50 percent in 2011 and reached 60 percent in the year 2012. As there is a need to understand the income and expenditure for the better performance of both companies in the future, answer the following questions.Q.If the income of Contigent Company in 2008 was 200 crores, what was its prof it in 2009?a) 21.5 Croreb) 46.15 Crorec) 153 Crored)Cannot be determined.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CLAT. Download more important topics, notes, lectures and mock test series for CLAT Exam by signing up for free.
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As there is a need to understand the income and expenditure for the better performance of both companies in the future, answer the following questions.Q.If the income of Contigent Company in 2008 was 200 crores, what was its prof it in 2009?a) 21.5 Croreb) 46.15 Crorec) 153 Crored)Cannot be determined.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Two renowned international Sof tware companies , namely Pollaris and Contigent, started their business in the year 2007 and both the companies were in competition with each other in profit making. Pollaris earned 30 percent profit in the year 2007 and 2008, and further increased it to 40 percent in 2009. However, its prof it percentage decreased to 20 percent in the year 2010. On the other hand, Contigent opened with 40 percent prof it in 2007 , but slowly decreased to 35 percent in 2008 and 30 percent in 2009. Interestingly, both the companies increased theirprofit percentage in the later year considerably. Pollaris increased its profit percentage to 35 percent in 2011 and 50 percent in 201 2; simultaneously, Contigent increased its profit percentage to 45 percent in 2010, 50 percent in 2011 and reached 60 percent in the year 2012. As there is a need to understand the income and expenditure for the better performance of both companies in the future, answer the following questions.Q.If the income of Contigent Company in 2008 was 200 crores, what was its prof it in 2009?a) 21.5 Croreb) 46.15 Crorec) 153 Crored)Cannot be determined.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Two renowned international Sof tware companies , namely Pollaris and Contigent, started their business in the year 2007 and both the companies were in competition with each other in profit making. Pollaris earned 30 percent profit in the year 2007 and 2008, and further increased it to 40 percent in 2009. However, its prof it percentage decreased to 20 percent in the year 2010. On the other hand, Contigent opened with 40 percent prof it in 2007 , but slowly decreased to 35 percent in 2008 and 30 percent in 2009. Interestingly, both the companies increased theirprofit percentage in the later year considerably. Pollaris increased its profit percentage to 35 percent in 2011 and 50 percent in 201 2; simultaneously, Contigent increased its profit percentage to 45 percent in 2010, 50 percent in 2011 and reached 60 percent in the year 2012. As there is a need to understand the income and expenditure for the better performance of both companies in the future, answer the following questions.Q.If the income of Contigent Company in 2008 was 200 crores, what was its prof it in 2009?a) 21.5 Croreb) 46.15 Crorec) 153 Crored)Cannot be determined.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Two renowned international Sof tware companies , namely Pollaris and Contigent, started their business in the year 2007 and both the companies were in competition with each other in profit making. Pollaris earned 30 percent profit in the year 2007 and 2008, and further increased it to 40 percent in 2009. However, its prof it percentage decreased to 20 percent in the year 2010. On the other hand, Contigent opened with 40 percent prof it in 2007 , but slowly decreased to 35 percent in 2008 and 30 percent in 2009. Interestingly, both the companies increased theirprofit percentage in the later year considerably. Pollaris increased its profit percentage to 35 percent in 2011 and 50 percent in 201 2; simultaneously, Contigent increased its profit percentage to 45 percent in 2010, 50 percent in 2011 and reached 60 percent in the year 2012. As there is a need to understand the income and expenditure for the better performance of both companies in the future, answer the following questions.Q.If the income of Contigent Company in 2008 was 200 crores, what was its prof it in 2009?a) 21.5 Croreb) 46.15 Crorec) 153 Crored)Cannot be determined.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Two renowned international Sof tware companies , namely Pollaris and Contigent, started their business in the year 2007 and both the companies were in competition with each other in profit making. Pollaris earned 30 percent profit in the year 2007 and 2008, and further increased it to 40 percent in 2009. However, its prof it percentage decreased to 20 percent in the year 2010. On the other hand, Contigent opened with 40 percent prof it in 2007 , but slowly decreased to 35 percent in 2008 and 30 percent in 2009. Interestingly, both the companies increased theirprofit percentage in the later year considerably. Pollaris increased its profit percentage to 35 percent in 2011 and 50 percent in 201 2; simultaneously, Contigent increased its profit percentage to 45 percent in 2010, 50 percent in 2011 and reached 60 percent in the year 2012. As there is a need to understand the income and expenditure for the better performance of both companies in the future, answer the following questions.Q.If the income of Contigent Company in 2008 was 200 crores, what was its prof it in 2009?a) 21.5 Croreb) 46.15 Crorec) 153 Crored)Cannot be determined.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice CLAT tests.
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