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 ___.

Answer 1

Investment amount = Rs 600000
On 1st year the loss in ist year = 5%
So, investment in 1st year $=600000-\frac{5}{100}\times 600000=600000-30000=Rs.570000$
In 2nd year, the gain is 10%
So, net investment $=570000+\frac{10}{100}\times 570000=570000+57000=Rs.627000$