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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


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

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