Q. 123.7( 6 Votes )

Aman started a factory with an initial investment of Rs. 100000. In the first year, he incurred a loss of 5%. However, during the second year, he earned a profit of 10% which in the third year rose to 12%. Calculate his net profit for the entire period of three years.

Answer :

Given,


Initial investment by Aman = Rs.100000


In first year = loss of 5%


In second year = profit of 10%


In third year = profit of 12 %


So,


His net profit for entire period of three years =


=


Profit = 117040 – 100000= Rs.17040


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