Ashish started a business with an initial investment of Rs. 500000. In the first year, he incurred a loss of 4%. However, during the second year, he earned a profit of 5% which in the third year rose to 10%. Calculate his net profit for entire period of three years.
(a)
Rs. 48800
(b)
Rs. 54400
(c)
Rs. 55000
(d)
None of these
Ashish started a business with an initial investment of Rs. 500000. In the first year, he incurred a loss of 4%. However, during the second year, he earned a profit of 5% which in the third year rose to 10%. Calculate his net profit for entire period of three years.
(a)
Rs. 48800
(b)
Rs. 54400
(c)
Rs. 55000
(d)
None of these
Question ID - 57553 | SaraNextGen Top Answer
Ashish started a business with an initial investment of Rs. 500000. In the first year, he incurred a loss of 4%. However, during the second year, he earned a profit of 5% which in the third year rose to 10%. Calculate his net profit for entire period of three years.
(a)
Rs. 48800
(b)
Rs. 54400
(c)
Rs. 55000
(d)
None of these
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Ashish started a business with an initial investment of Rs. 500000. In the first year, he incurred a loss of 4%. However, during the second year, he earned a profit of 5% which in the third year rose to 10%. Calculate his net profit for entire period of three years. |
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(a) |
Rs. 48800 |
(b) |
Rs. 54400 |
(c) |
Rs. 55000 |
(d) |
None of these |
|
1 Answer
127 votes
Answer Key / Explanation : (b) -
Final value = Rs. 
Rs. 554400.
Net profit = Rs. 
= Rs. 54400.
127 votes
Answer Link
127