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Question

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 ___.

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Solution

Investment amount = Rs 600000
On 1st year the loss in ist year = 5%
So, investment in 1st year =6000005100×600000=60000030000=Rs.570000
In 2nd year, the gain is 10%
So, net investment =570000+10100×570000=570000+57000=Rs.627000


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