Question
Download Solution PDFThe profit (in Rupees) earned by four companies in the different quarters of the year 2020 are shown in the chart. The data shown is in crores.
How much is the average profit earned by ITC in the year 2020?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
The profit (in Rupees) earned by four companies in the different quarters of the year 2020 are shown in the chart.
Formula used:
Average = total profit / number of years
Calculation:
For ITC,
Average = 1300 + 1500 +1400 +1100 / 4
⇒ 5300 / 4
⇒ 1325 crore
∴ The correct answer is 1325.
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