The line chart given below shows the percentage of net profit of company P and company Q from 2014 to 2018.
Net Profit % = \(\frac{({Income}-{Expenditure})}{Expenditure}\times 100\)
Which of the following statement(s) is/are correct?
I. If the income of company P in the year 2016 was Rs. 7250, then expenditure of the company in that year was Rs.45500.
II. If in 2016 the ratio of expenditure of company P to the expenditure of company Q is 4 ∶ 5, then the ratio of income of company P to the income of company Q is 16 ∶ 15.
1
Neither I nor II
2
Only II
3
Both I and II
4
Only I