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Question

Rajesh invests ₹ 45000 in an insurance. He gets an annual return from it. But Insurance company deducts a tax from it as per government policy and that is equal to the annual return percentage. Rajesh ends up in :
  1. Profit
  2. Neither profit nor loss
  3. Data insufficient
  4. Loss


Solution

The correct option is B Neither profit nor loss
In this case, The % of tax levied equals the % of annual return from the investment.
So, Rajesh neither makes a profit, nor undergoes a loss in this investment.

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