Question

In the first year on an investment of $\text{Rs.}6,00,000$ the loss is $5\%$ and in the second year the gain is $10\%$, the net result is _____.

Answer 1

Step 1: Compute the amount remaining after the first year.

Since it is given that $\text{Rs.}6,00,000$ is invested and in the first year, the loss is$5\%$.

The amount of loss in the first year is,

$600000\times \frac{5}{100}=\mathrm{Rs}.30,000$

So, the total amount remaining after the first year is $600000-30000=\mathrm{Rs}.5,70,000$.

Step2: Compute the amount remaining after the second year.

Since $\text{Rs.}5,70,000$ is invested in the second year and the profit in the second year is$10\%$.

The amount of profit in the second year is,

$570000\times \frac{10}{100}=\mathrm{Rs}.57,000$

So, the total amount remaining after the second year is$570000+57000=\mathrm{Rs}.6,27,000$.

Therefore, the net result is $\text{Rs}.6,27,000$.