- A≈ 18.2%
- B22%
- C≈ 22.7%
- D25%
Step-by-Step Solution
2022 revenue = ₹88 crore. Margin = . (25% divides by the old revenue.)
Answer: C) ≈ 22.7%
In 2021 a company earned ₹80 crore in revenue at a 20% profit margin (profit ÷ revenue). In 2022 revenue rose by 10% and profit became ₹20 crore. What was the profit margin in 2022?
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