Question 36
In the first year on an investment of Rs. 600000, the loss is 5% and in the second year, the gain is 10%, the net result is
Investment amount = Rs 600000
On 1st year the loss in ist year = 5%
So, investment in 1st year =600000−5100×600000=600000−30000=Rs.570000
In 2nd year, the gain is 10%
So, net investment =570000+10100×570000=570000+57000=Rs.627000