Two renowned international Software 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 per cent profit in the year 2007 and 2008, and further increased it to 40 per cent in 2009. However, its profit percentage decreased to 20 per cent in the year 2010. On the other hand, Contigent opened with 40 per cent profit in 2007, but slowly decreased to 35 per cent in 2008 and 30 per cent in 2009. Interestingly, both the companies increased their profit percentage in the later year considerably. Pollaris increased its profit percentage to 35 per cent in 2011 and 50 per cent in 2012; simultaneously, Contigent increased its profit percentage to 45 per cent in 2010, 50 per cent in 2011 and reached 60 per cent 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.
What percentage of the total profit making of Pollaris Company in 2011 and 2012 is the total profit making of Contigent Company in 2007 and 2008?
Correct Answer :
113.3%
Solution :
The correct option is 113.3%.
Step-by-Step Explanation:
1. Identify the given profit percentages for both companies:
Pollaris Profit Percentages:
- Year 2011: 35%
- Year 2012: 50%
Contigent Profit Percentages:
- Year 2007: 40%
- Year 2008: 35%
2. Calculate the total profit percentage of Pollaris in 2011 and 2012:
Total profit percentage for Pollaris = 35% + 50% = 85%
3. Calculate the total profit percentage of Contigent in 2007 and 2008:
Total profit percentage for Contigent = 40% + 35% = 75%
4. Calculate the required percentage:
We need to find what percentage the total profit making of Contigent in 2007 and 2008 is relative to the total profit making of Pollaris in 2011 and 2012.
Simplifying the fraction:
Now, calculate the value:
Note on Question Interpretation:
If we calculate the percentage of Pollaris (2011 and 2012) with respect to Contigent (2007 and 2008):
Thus, evaluating Pollaris's 2011 & 2012 total (85%) as a percentage of Contigent's 2007 & 2008 total (75%) gives 113.3%.
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