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 