How many buses does the company own at present?

I am working in a bus company. The company recently went under expansion and therefore there was not enough room for all the buses. As a result, twelve buses had to be stored outside.

If the company decides to expand the garage space by forty percent, enough space to accommodate the current buses will be created leaving enough space for twelve more buses if the need arises in future.

Can you calculate the number of buses that the company owns at present?

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At present the company currently owns 72 Buses !
It has space for 60 buses which leave 12 buses outside.
Now it increase space by 40%.. so 40% of 60 buses will be more space for 24 buses.
Hence answer is 60 + 12 buses = 72 buses owned by company at present.