(The following bar chart shows the income and expenditure (in lakhs) of five companies (P, Q, R, S, T) in the year 2020. The percentage profit or loss of a company is given by:
\(\text{(Profit or loss) \%} = \frac{I - E}{E} \times 100 \, ; \, \text{where } I = \text{income, } E = \text{expenditure} \)
"If the income of company R in 2020 was 10% more than its income in 2019 and the company had earned a profit of 30% in 2019, then its approximate expenditure in 2019 (in lakhs) was:
1
₹61.54
2
₹51.23
3
₹58.37
4
₹63.14