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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.

 

(a)

Rs. 48800

(b)

Rs. 54400

(c)

Rs. 55000

(d)

None of these


Question ID - 57553 | Toppr 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

1 Answer - 5876 Votes

3537

Answer Key : (b) -

Final value = Rs.  Rs. 554400.

Net profit = Rs.  = Rs. 54400.



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