wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Aman started a factory with an investment of rupees 1 lakh in the first year he incurred a loss of 5% however during the second year he earned a profit of 10% which in the next year rose to 12% calculate his net profit which he donated to an old age home

Open in App
Solution

Total investment = 1 lac
Loss in first year = 5% = 5/100 x 100000 = 5000
Profit in Second year = 10% = 10/100 x 100000 = 10000
Profit in Third Year = 12% = 12/100 x 100000 = 12000
There Total Money = Investment - Loss + Profit in 2nd year + Profit in 3rd year

= 100000 - 5000 + 10000 + 12000
= 117000
Therfore Net Profit is = Amount - Investement = 117000 -100000 = 17000

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Let’s Settle
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon